joshocean1

AUD/CAD: Ascending Triangle (not valid yet)

Long
joshocean1 Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD is in the final steps to complete an ascending triangle. The last touch on the ascending trend line still has to be completed, followed by a bullish breakout through resistance.

Without this confirmations, there is no valid setup yet. A break to the downside will not be considered as quality trade entry.

TP at triangle height.
SL below last swing low.
Trade active:
Price found support on ascending triangle trend line and closed the bullish breakout candle above resistance. -> Entry as breakout trader
Trade active:
Trade closed: stop reached:
SL hit
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