AUDCAD is in the final steps to complete an ascending triangle. The last touch on the ascending trend line still has to be completed, followed by a bullish breakout through resistance. Without this confirmations, there is no valid setup yet. A break to the downside will not be considered as quality trade entry.
TP at triangle height.
SL below last swing low.
Trade active
Price found support on ascending triangle trend line and closed the bullish breakout candle above resistance. -> Entry as breakout traderTrade active
Trade closed: stop reached
SL hit
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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.