IchiTrader63
Long

EUR vs AUD Symmetrical Triangle Breakout Trade

FX:EURAUD   Euro / Australian Dollar
339 0 1
This trade is based off of the symmetrical triangle breakout. We are seeing lower highs and higher lows which is compressing the market and eventually the market will break out of the triangle. I am entering as of the previous days break of the triangle. Usually the market will break out of a range or support level and then retrace back to that level before taking off again. That would be the more ideal time to enter the market to avoid a fakeout. You can see my entry @ 1.24938 with the stop loss at 1.23697 and profit target at 1.28021. The market is above the 100 and 200 SMA's and therefore it is a bullish market.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out