Symmetrical Triangle on XAU/USD @ H4
A symmetrical triangle showed on XAU/USD @ H4. The pattern offers a bullish breakout trading setup. The triangle's borders are marked with the yellow lines. My potential entry level is marked with the cyan line. My potential target level is marked with the green line. I will set my stop-loss to the lowest point of triangle's base.
Order storniert:
My pending orders have been cancelled as the price has broken out in the opposite direction, invalidating the pattern.
You can find useful tools to detect, build, and trade chart patterns - all completely free on www.earnforex.com.
