Symmetrical Triangle on EUR/GBP @ D1

7 окт. 2023 г.

EUR/GBP has entered a symmetrical triangle pattern on its daily chart. It can be used for a trend continuation breakout setup. My potential entry is marked by the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be at the green line, which is located at 100% of the triangle's base width above the upper border. I will set my stop-loss to the triangle's lower angle (0.86141). I will ignore bearish breakouts from this formation.

12 окт. 2023 г.

Заявка отменена

Trading setup cancelled due to the pattern's invalidation.