AndriyMoraru

Symmetrical Triangle on XAU/USD @ D1

Short
AndriyMoraru Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
This symmetrical triangle consolidation after a strong bearish wave on the daily chart of XAU/USD offers a breakout trade opportunity. The pattern's borders are marked with the yellow lines. My potential entry point is marked with the cyan line. My target is shown with the green line. I will set my stop-loss to the high of the breakout bar (not shown on the chart).
Trade active:
Short trade entered on 2017-12-05 at 14:06 UTC with entry = 1269.37, SL = 1289.32 TP = 1219.68 (subject to updates).
Trade closed: stop reached:
SL reached on December 28 at 2:48 UTC.

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