Symmetrical Triangle on AUD/JPY @ D1

This symmetrical triangle, which has formed following a long-term uptrend on the daily chart of AUD/JPY, can serve as a continuation pattern. 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 (90.747).

Trade ist aktiv:

Long position entry triggered today at 2:50 UTC with entry price at 93.987, SL = 90.747, TP = 97.075 (subject to updates based on the TP line's decline).

Trade geschlossen: Stop wurde erreicht:

Stop-loss reached yesterday at 20:27 UTC.