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AndriyMoraru
Aug 20, 2017 12:01 PM

Symmetrical Triangle on GBP/NZD @ D1 Short

GBP/NZDOANDA

Description

This symmetrical triangle at the end of the downtrend on the daily chart of GBP/NZD provides 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 my stop-loss to the high of the breakout bar (not shown on the chart).

Order cancelled

Cancelled due to the upside breakout.
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