The ascending channel pattern on H4 chart of XAU/USD shows potential for a bearish 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 high of the breakout bar (not shown).
More information, and an MT4 chart template can be found on www.commodityblog.co...m-ascending-channel/
More information, and an MT4 chart template can be found on www.commodityblog.co...m-ascending-channel/
Order cancelled:
Entry setup cancelled as the price has broken well above the channel's upper border.
You can find useful tools to detect, build, and trade chart patterns - all completely free on www.earnforex.com.