The ascending triangle formation on the W1 chart of EUR/GBP can be used for an upward breakout trade. The triangle's borders are marked with the yellow lines. My potential entry is marked with the cyan line. My potential take-profit level is marked with the green line. I will set my stop-loss to the low of the breakout bar (not shown on the chart).
Order cancelled:
Pattern invalidated. Cancelling entry order.
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