Symmetrical Triangle on CAD/JPY @ D1
This symmetrical triangle formation on the daily chart of CAD/JPY offers an opportunity for a sell trade in case of a bearish breakout. The triangle's borders are marked with the yellow lines. My potential entry point is marked with the cyan line. My take-profit level is shown with the green line. I will set the stop-loss level to the high of the breakout bar (not shown on the chart).
More information, chart template, and a free expert advisor to automatically trade this CAD/JPY pattern - on earnforex.com/blog/cadjpy-consolidates-in-symmetrical-triangle-on-daily-timeframe/
More information, chart template, and a free expert advisor to automatically trade this CAD/JPY pattern - on earnforex.com/blog/cadjpy-consolidates-in-symmetrical-triangle-on-daily-timeframe/
Trade ativo
Entered short @ 77.086 at 10:57 UTC. SL=78.630, TP=70.077.Trade fechado: stop atingido
The trade hit stop-loss today at 16:12 UTC.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.