This symmetrical triangle at the end of the downtrend on the daily chart of GBP/NZD provides an opportunity for a sell-trade in case of a bearish breakout. The triangle's borders are marked with the yellow lines. My potential entry point is marked with the cyan line. My take-profit level is shown with the green line. I will set my stop-loss to the high of the breakout bar (not shown on the chart).
주문취소됨:
Cancelled due to the upside breakout.
You can find useful tools to detect, build, and trade chart patterns - all completely free on www.earnforex.com.