The symmetrical triangle on the daily chart of CAD/JPY offers an downside breakout trading opportunity. The triangle's borders are shown with the yellow lines. My potential entry level is at the cyan line. My potential take-profit level will be at the green line. I will use the highof the triangle's base as my stop-loss level (78.463).
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Short triggered at 11:43 UTC today. Entry=75.419, SL=78.463, TP=71.466.