EURGBP Triangle Pattern breakout trade option
Good Morning guys
I have a other Triangle pattern on EURGBP
The Triangle is build since 43 candles (30min candles ) We also hit twice on the top and bottom triangle lines. So we can say we have a good stable pattern. In the next 12h we will see a breakout. We have two possible Targets. One if we have a Trend reversal breakout wich means we gonna buy this position and one wich is a Trend continuation breakout wich means we gonna short this position. The predicted targets are around 18-40 % profit away.
So as always i set two alarms on sms notification and then i will see wich line we gonna break. We also wait on confirmation we wait to open a trade till we have one completed bearish or bullish candle outside the triangle.
As soon i open a position on this breakout i will update you guys ;)
Have a good trading week ;)
Daniel
I have a other Triangle pattern on EURGBP
The Triangle is build since 43 candles (30min candles ) We also hit twice on the top and bottom triangle lines. So we can say we have a good stable pattern. In the next 12h we will see a breakout. We have two possible Targets. One if we have a Trend reversal breakout wich means we gonna buy this position and one wich is a Trend continuation breakout wich means we gonna short this position. The predicted targets are around 18-40 % profit away.
So as always i set two alarms on sms notification and then i will see wich line we gonna break. We also wait on confirmation we wait to open a trade till we have one completed bearish or bullish candle outside the triangle.
As soon i open a position on this breakout i will update you guys ;)
Have a good trading week ;)
Daniel
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