AUD/CAD: Ascending Triangle (not valid yet)

25 nov. 2020

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.

27 nov. 2020

Transaction en cours

Price found support on ascending triangle trend line and closed the bullish breakout candle above resistance. -> Entry as breakout trader

27 nov. 2020

Transaction en cours

30 nov. 2020

Trade fermée: ordre d’arrêt atteint

SL hit