A long-term symmetrical triangle appears on XAU/USD @ D1. It offers a bullish breakout trading setup. The triangle's borders are marked with the yellow lines. The potential entry level is at the cyan line. The target level is at the green line. I will set my stop-loss to the lowest point of triangle's base.
Trade active:
Buy position triggered on Oct 25 at 13:14 at 1517.72 with SL=1400.42, TP=1693.53.
Trade closed: stop reached:
Incorrectly set stop-loss hit at 1487.93 on Oct 29.
You can find useful tools to detect, build, and trade chart patterns - all completely free on www.earnforex.com.