AndriyMoraru

Symmetrical Triangle on GBP/CAD @ W1

Long
AndriyMoraru Updated   
FX:GBPCAD   British Pound / Canadian Dollar
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.

You can find useful tools to detect, build, and trade chart patterns - all completely free on www.earnforex.com.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.