JohnygForex
Long

Symmetrical Triangle Breakout

FX:AUDCAD   Australian Dollar/Canadian Dollar
8 0 0
Price is Consolidating in a symmetrical triangle, Im looking for a break above to resistance to go long. The bias of the pair is bullish with price being above the 200MA on the Daily, Weekly, & Monthly. If we also get a break above resistance i could make a entry to target to be the neckline and make another entry on the break of the neckline to start the inverted Head and shoulders pattern.

If price breaks below support it could fall back into a channel that ill wait to make a long off the next support.

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