Ascending Triangle on EUR/AUD @ H4

The ascending triangle on the 4-hour chart of EUR/AUD presents a bullish breakout trade opportunity. The triangle's borders are marked with the yellow lines. My potential entry point is marked with the cyan line. My potential take-profit level is shown with the green line. I will set the stop-loss order to the low of the breakout bar (not shown).

More information, chart template, and a free expert advisor to automatically trade this pattern - on www.earnforex.com/bl...gle-on-4-hour-chart/

Trade active:

Entered long @ 1.56461 at 6:40 UTC. SL=1.55148, TP=1.60180.

Trade closed: stop reached:

Hit the stop-loss at 15:06 UTC.