This ascending triangle pattern has formed on the 4-hour chart of the AUD/CAD currency pair. It can be used as a short-term bullish breakout setup. The triangle's borders are marked with the yellow lines. My potential entry is marked with the cyan line (0.89235). My potential take-profit level is marked with the green line (0.90537). The stop-loss is to be set to the triangle's bottom point at 0.87643. Bearish breakouts from this continuation formation should be ignored.
订单已取消:
Trade setup cancelled due to the pattern's invalidation.
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