This symmetrical triangle, which has formed following a long-term uptrend on the daily chart of AUD/JPY, can serve as a continuation pattern. An upside breakout can be used for its potential as a buy signal. My entry is placed at the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit is 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 bottom of the triangle (90.747).
Giao dịch đang hoạt động:
Long position entry triggered today at 2:50 UTC with entry price at 93.987, SL = 90.747, TP = 97.075 (subject to updates based on the TP line's decline).
Đóng lệnh: dừng lỗ:
Stop-loss reached yesterday at 20:27 UTC.
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