GDPUSD: Ascending triangle pattern (Wait for confirmation)
After GDP:USD hit a double top at the resistance I've been bearish ever since. I think we will breakout of this ascending triangle pattern.
Wait for confirmation at the lines of the triangle. If breaks down, set a short trade & the target will be the trend line.
If stop-loss is broken go long.
Wait for confirmation at the lines of the triangle. If breaks down, set a short trade & the target will be the trend line.
If stop-loss is broken go long.
Trade active:
Forgot to mention:
ABCD pattern is also in place. Resistance cut it slightly short.
ABCD pattern is also in place. Resistance cut it slightly short.
Trade closed: stop reached:
Broke above resistance and hit the SL.