Symmetrical triangle on XAU/USD @ D1
A symmetrical triangle has formed on the daily chart of Gold (XAU/USD). Due to being preceded by a downward trend, it provides a bearish breakout opportunity for trading. The triangle's borders are marked with the yellow lines. My potential entry level is marked with the cyan line. My potential take-profit level is marked with the green line. I will set my stop-loss to the high of the breakout candle (not shown on the chart).
Trade active
Sell opened @ 1293.36 today at 8:20 UTC, SL=1299.89, TP=1272.70.Trade closed: stop reached
Stop-loss hit on June 13 at 18:58 UTC.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.