A descending channel pattern has formed on the daily chart of the EUR/NZD FX pair and offers a bullish breakout opportunity. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss is to be set to the low of the breakout candle (or to the low of the preceding candle if the breakout one is trading mostly outside the channel) - it isn't shown on the chart.
Ordem cancelada
This trading setup has been cancelled due to the pattern's invalidation.
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