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AndriyMoraru

Ascending Triangle on GBP/NZD @ D1

Long
British Pound / New Zealand Dollar (FX:GBPNZD)  
AndriyMoraru Updated   
FX:GBPNZD   British Pound / New Zealand Dollar
Chart Patterns Triangle breakout chartpatterntrading Ascending Triangle
3
0
chartpattern triangle breakout chartpatterntrading ascendingtriangle
An ascending triangle pattern appeared on the daily chart of the GBP/NZD currency pair. I am going to use this continuation chart pattern for a bullish breakout opportunity. 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. The stop-loss is to be set to the triangle's bottom point at 2.03382. I will ignore bearish breakouts from this formation.
Trade active:
Long trade entered at 2.09731 with SL=2.03442 and TP=2.14900 at 1:20 UTC today.
Comment:
Stop-loss moved up to 2.04493.
Trade closed: target reached:
Take-profit hit at 00:15 UTC today.
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