Symmertrical
$vod breakout lookout-long term trend- uptrend and showing strength
-intermediate timeframe shows trend is in an uptrend but slightly flattening
-volatility is contracting.. pressing up on resistance area of 29.9x
-not paying too much attention to rsi here because of stock showing strong trend strength.
-positive volume pressure being applied
-shorter timeframe is showing price action in a symmetrical triangle with a .20 measured move- which would lead to the break of resistance area up to 30.0x
-cautious to the possibility of a false breakout- entry at 30.05 and setting stop at 29.71 gap low
-once resistance is broken extension level/profit target set at the .618 level of 31.67
Symmetrical Triangle - AUDCHF (60 Mins)Hello Traders,
It has been observed that price has formed symmetrical triangle on AUDCHF. Price may break in either direction. Once price breaks and closes above/below triangle, one can look for an entry. Profit levels are mentioned on the chart.
Thank you.
Happy Trading!!!
USDCAD Long term Symmetrical Triangle Chart Pattern Supp RejectUSDCAD long term Monthly Resistance now become Support = Long term with good risk reward
Symmetrical Triangle Chart Pattern is now creating= expecting the breakout to the up side to the 1.3570 Resistance and also the 1.272 Fibonacci extension tool.
Place your stoploss below the new support