The symmetrical triangle on the weekly chart of GBP/CAD offers an upside breakout trading opportunity. The triangle's borders are shown with the yellow lines. My potential entry level is at the cyan line. My potential take-profit level will be at the green line. I will use the low of the triangle's base as my stop-loss level (1.69178).
Trade active:
Entry triggered at 1.74049 at 9:38 UTC today. SL = 1.69172, TP = 1.80205 (matter to change).
Trade closed: target reached:
TP of 1.79827 reached today at 1:50 UTC.
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