Symmetrical Triangle on AUD/CAD @ H4

This short-term symmetrical triangle can serve as a continuation pattern for the preceding ascending trend on the 4-hour chart of AUD/CAD. An upside breakout can be used for its potential as a buy signal. My entry is placed at the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit is at the green line, which is located at 100% of the triangle's base width above the upper border. I will set my stop-loss to the bottom of the triangle.

Order storniert:

Trade setup cancelled as the currency pair invalidated the pattern.