Symmetrical Triangle on CAD/JPY @ D1

This symmetrical triangle formation on the daily chart of CAD/JPY offers an opportunity for a sell trade in case of a bearish breakout. The triangle's borders are marked with the yellow lines. My potential entry point is marked with the cyan line. My take-profit level is shown with the green line. I will set the stop-loss level to the high of the breakout bar (not shown on the chart).

More information, chart template, and a free expert advisor to automatically trade this CAD/JPY pattern - on www.earnforex.com/bl...-on-daily-timeframe/

Trade active:

Entered short @ 77.086 at 10:57 UTC. SL=78.630, TP=70.077.

Trade closed: stop reached:

The trade hit stop-loss today at 16:12 UTC.