USDCAD Long - Symmetrical triangle

2022년 12월 2일

Looking at the 1hr timeframe , instrument is forming bullish trend (series of HH,HL). There is a symmetrical triangle pattern (break out confirmed) . Using symmetrical triangle target (1.3550) for TP and stop loss a little below previous HL (1.3395).
Risk 2%
Reward/Risk : 2
Buy zone : 1.3440 -1.3460
STOP Loss :1.3395
TP: 1.3550