local bearish flag - sell the breakout

hey traders,

on new zealand dollar pair, after a steady sell-off from 0.697 level,
we see a local consolidation forming a nice bearish flag pattern,
though, the market is in clear bull trend for many days,
It feels that the pullback from the higher high will be deeper.

selling the breakout of a flag we set the initial target around 0.684,
the second target is just above 0.68

targets are based on structure

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Kommentar:

market hit the initial target

Order storniert:

after hitting the initial target we close a position