Aurum Markets Blog Technical Analysis Pennant breakout on NZDUSD

Pennant breakout on NZDUSD

Pennant breakout on NZDUSD post thumbnail image

The last 15 4 hour candles on NZDUSD formed a Pennant pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 0.5628.

Supported by Downward sloping Moving Average

Target: 0.5628 Entry: 0.5722 Stop: 0.5743

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