Symmetrical Triangle on AUD/NZD @ D1

2020-01-06 02:59:00

The symmetrical triangle is on the daily chart of AUD/NZD. It offers a downside breakout trading opportunity. The triangle's borders are drawn using the yellow lines. My potential entry level is placed at the cyan line. My potential take-profit level is placed at the green line. I will use the high of the triangle's base as my stop-loss level (1.04867).