The ascending channel pattern on D1 chart of XAU/USD shows potential for a bearish breakout. The pattern's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. Stop-loss is to be set to the high of the breakout bar (not shown).
More information, and MT4 chart template on www.commodityblog.co...f-downside-breakout/
More information, and MT4 chart template on www.commodityblog.co...f-downside-breakout/
Handel aktiv:
Entered short on breakout on November 4 at 1108.08.
Trade stängt: målet nått:
TP reached at 1050.78.
You can find useful tools to detect, build, and trade chart patterns - all completely free on www.earnforex.com.