EUR/CHF is currently showing a symmetrical triangle pattern following a long-term uptrend on the daily chart. It can now be used as a continuation trigger for a bullish breakout trading opportunity. My potential entry will be placed at 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 apex (0.98739).
Orden cancelada:
Trade setup cancelled due to the pattern's invalidation.
You can find useful tools to detect, build, and trade chart patterns - all completely free on www.earnforex.com.