The symmetrical triangle pattern on D1 chart of XAU/USD offers an opportunity for a bullish breakout. The pattern's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. Stop-loss is to be set to the low of the breakout bar (not shown on the chart).
More information, and an MT4 chart template can be found on www.earnforex.com/co...-symmetric-triangle/
More information, and an MT4 chart template can be found on www.earnforex.com/co...-symmetric-triangle/
Trade active:
Entered breakout long trade at $1,255.44 at 15:23 yesterday.
Trade closed: stop reached:
Stop-loss hit on March 10 at 13:00 GMT.
You can find useful tools to detect, build, and trade chart patterns - all completely free on www.earnforex.com.