Symmetrical triangle on GBP/AUD @ D1
A symmetrical triangle has formed on the D1 chart of GBP/AUD. It offers a bullish breakout opportunity for trading. The triangle's borders are marked with the yellow lines. My potential entry level is marked with the cyan line. My potential take-profit level is marked with the green line. I will set my stop-loss to the low of the breakout candle (not shown on the chart).
Trade active
Entry triggered on March 5 at 15:37 UTC with opening rate of 1.7907, SL=1.7765, TP=1.8261.Trade closed: stop reached
Stop-loss reached at 12:50 UTC.
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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.