Get started
NDOBObanks

AUDUSD Symmetrical Triangle Breakout

Long
Australian Dollar / U.S. Dollar (SAXO:AUDUSD)  
NDOBObanks Updated   
SAXO:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Symmetrical Triangle symmetrical audusdlong audusdforecast audusdsignal audusdanalysis audusdidea breakouttrading breakoutsignal
9
4
trendanalysis chartpattern symmetricaltriangle symmetrical audusdlong audusdforecast audusdsignal audusdanalysis audusdidea breakouttrading breakoutsignal
We expect further upside on this pair, signalled by the symmetrical triangle channel pattern breakout. We can also see the formation of a new high which signals a change in trend from bearish to bullish as well as a breakout of a key level which further supports our directional basis.
Comment:
Price is moving up towards target. We plan to close trade around NY close which is in the next 45 mins
Trade closed: target reached:
Trade was closed around NY close based on our trading rules regarding over night risks. Trade reached target.
Comment:
Price is still shooting up. We might consider looking for a new bullish setup using current price action.
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.