Symmetrical Triangle on AUD/NZD @ H4

A symmetrical triangle formation presents a trading opportunity on AUD/NZD on the 4-hour timeframe . The triangle's borders are marked with the yellow lines. My potential entry level is shown with the cyan line. My potential take-profit level is where the green line is. I will set my stop-loss to the low of the triangle's base - at 1.06479.

Trade active:

Sell entered on widened spreads today at 1:04 UTC with Entry=1.06777, SL=1.06479 and TP=1.07119.

Trade closed: target reached:

TP of 1.07062 reached today at 5:58 UTC.