This symmetrical triangle pattern presents an opportunity for a potential bullish breakout trade on AUD/USD on the daily 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 0.67757.
Trade active
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Entry hit @ 0.69358 at 14:00 UTC yesterday. SL=0.67757, TP=0.71586.