DLavrov

AUDUSD Triangle Chart Pattern

FX:AUDUSD   Australian Dollar / U.S. Dollar
The market forms a triangle chart pattern which can be as a reversal pattern and a continuation one. Everything will depend on a breakout direction. If the price breaks the resistance line of the pattern, we'll get a buy signal. Entry level is above 0.78800 with stop orders below the local swing low. Profit targets are the resistance levels. If the price breaks the support line of the triangle, it will be a sell signal. Entry level should be below 0.78000 with stop above the local swing high. Profit targets are the support levels. We can place pending orders in both directions in order to catch the price movement on time. Just don't forget about proper money management.
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Target reached

Thanks a lot mr Dlavrov, i follow your for some time now and i really appreciate your job (and im subscribed on tradunity as well, which is worthing every penny so far)

Please share more forex ideas .

Thx
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Hi MR dlavrov
thank you for the idea
can you pls publish one idea for sp 500 and dow jones
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DLavrov HamedKevin
@HamedKevin, Hi, I will look at these markets.
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