Canadian dollar is in a
The symmetrical triangle is marked with the yellow lines on the screenshot below. As you can see, it is quite smooth, albeit not ideally symmetrical. The trade’s entry level can be placed at the cyan line — the 10% buffer for a breakout. The green line can serve as a selling target — it is placed at 100% of the triangle’s width at the base from the lower border. I will set my
I have built this chart using the ChannelPattern script. You can download my MetaTrader 4 chart template for this CAD/JPY pattern. You can trade it using my free Chart Pattern Helper EA.
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