Ascending Triangle on AUD/CAD @ H4
Updated
This ascending triangle pattern has formed on the 4-hour chart of the AUD/CAD currency pair. It can be used as a short-term bullish breakout setup. The triangle's borders are marked with the yellow lines. My potential entry is marked with the cyan line (0.89235). My potential take-profit level is marked with the green line (0.90537). The stop-loss is to be set to the triangle's bottom point at 0.87643. Bearish breakouts from this continuation formation should be ignored.
Order cancelled
Trade setup cancelled due to the pattern's invalidation.
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