This symmetrical triangle pattern has formed on the 4-hour chart of the EUR/USD chart pattern. This formation offers an opportunity to buy EUR/USD in case of a bullish breakout. The triangle's borders are marked with the yellow lines. The potential entry level is shown with the cyan line. The potential take-profit level is where the green line is. The stop-loss can be set to the opposite border at the base of the triangle - at 1.16073.
Trade active:
Long trade entered today at 03:16 UTC with entry at 1.16589, SL at 1.16071, and the current TP at 1.17144.
Trade closed: stop reached:
Position closed by stop-loss at 11:41 UTC today.
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