Following a long-term uptrend wave, the USD/CAD currency pair consolidated into a symmetrical triangle pattern on the D1 timeframe. It can now be used as a continuation breakout setup. My potential entry will be placed at the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be at the green line, which is located at 100% of the triangle's base width above the upper border. I will set my stop-loss to the triangle's lower angle (1.35990). I will ignore bearish breakouts from this trend continuation pattern.
Ordre annulé
Trade setup cancelled due to the pattern's invalidation.
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You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.