The symmetrical triangle is on the daily chart of AUD/NZD. It offers a downside breakout trading opportunity. The triangle's borders are drawn using the yellow lines. My potential entry level is placed at the cyan line. My potential take-profit level is placed at the green line. I will use the high of the triangle's base as my stop-loss level (1.04867).
Trade active:
Entry triggered today at 01:14 UTC at 1.03893, SL=1.04867, TP=1.02678.
Trade closed: target reached:
TP triggered @ 1.03109 at 15:05 UTC today.
You can find useful tools to detect, build, and trade chart patterns - all completely free on www.earnforex.com.