Symmetrical Triangle on XAU/USD @ D1
Gold (XAU/USD) is currently consolidating inside a symmetrical triangle pattern on its daily chart. I will try to use it as a trend continuation breakout setup. My potential entry is marked by 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 (the red line at 1934.12). I will ignore bearish breakouts from this formation.
Trade ativo
Long entry triggered yesterday at 13:32 UTC. Entry = 1989.59, SL = 1934.12, current TP = 2051.08 (it will go down with the slope of the green line each day).Trade fechado: objetivo atingido
Take-profit of 2036.28 reached at 12:42 UTC today.
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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.