Symmetrical triangle on EUR/USD @ D1
The symmetrical triangle on the daily chart of EUR/USD can be used for a bearish trend continuation setup. The pattern's borders are marked with the yellow lines. My potential entry level is at the cyan line. My potential take-profit level is at the green line. I will place my stop-loss to the high of the breakout candle (not shown on the chart).
Trade active
Short trade entered on August 6 at 00:21 UTC at 1.15581 with SL=1.1669 and TP=1.10375.Trade closed: stop reached
Stop-loss reached today at 14:55 UTC.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
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.
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.