The medium-term consolidation of the EUR/USD currency pair took a form of a symmetrical triangle on its daily chart. This formation can serve as a continuation pattern for a bearish breakout trading opportunity. My potential entry is placed at the cyan line, which is located at 10% of the triangle's base width below the lower border. My take-profit will be at the green line, which is located at 100% of the triangle's base width below the lower border. I will set my stop-loss to the triangle's topmost point (1.01865).
Order cancelled:
Trade setup cancelled due to the pattern breaking in the opposite direction.
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