The descending channel pattern on H4 chart of XPD/USD provides a setup 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...e-palladium-rallies/
More information, and an MT4 chart template can be found on www.earnforex.com/co...e-palladium-rallies/
Trade closed: target reached:
I didn't trade this set-up, but it looks like it has reached the take-profit safely.
You can find useful tools to detect, build, and trade chart patterns - all completely free on www.earnforex.com.