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AndriyMoraru
Mar 27, 2016 5:16 PM

Symmetrical Triangle on AUD/JPY @ D1 Long

Australian Dollar/Japanese YenFXCM

Description

The symmetrical triangle pattern on daily chart of AUD/JPY presents a possibility for a bullish breakout. The pattern's top and bottom borders are shown with the yellow lines. My potential entry level is marked with the cyan line. My potential exit level is the green line. Stop-loss is to be set to the low of the breakout bar (not shown).

More information, chart template, and a free expert advisor to automatically trade this pattern - on earnforex.com/blog/audjpy-symmetrical-triangle-after-short-term-uptrend/

Trade active

Entered Buy @ 85.718 at 00:20 UTC today.

Trade closed: stop reached

Stop-loss was hit today at 3:54 UTC.
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