Symmetrical Triangle on Palladium @ H4
A symmetrical triangle has formed on the H4 chart of Palladium. It offers a bullish breakout opportunity. 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).
Note
Trade setup cancelled due to an opposite side breakout.
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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.