Ascending Triangle on EUR/AUD @ H4
The ascending triangle on the 4-hour chart of EUR/AUD presents a bullish breakout trade opportunity. The triangle's borders are marked with the yellow lines. My potential entry point is marked with the cyan line. My potential take-profit level is shown with the green line. I will set the stop-loss order to the low of the breakout bar (not shown).
More information, chart template, and a free expert advisor to automatically trade this pattern - on earnforex.com/blog/euraud-shows-ascending-triangle-on-4-hour-chart/
More information, chart template, and a free expert advisor to automatically trade this pattern - on earnforex.com/blog/euraud-shows-ascending-triangle-on-4-hour-chart/
Trade active
Entered long @ 1.56461 at 6:40 UTC. SL=1.55148, TP=1.60180.Trade closed: stop reached
Hit the stop-loss at 15:06 UTC.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.