Trend_Analyst

GBPUSD Symmetrical Triangle Targets.

Trend_Analyst Updated   
FX_IDC:GBPUSD   British Pound / U.S. Dollar
3
GBPUSD Symmetrical Triangle Targets. Breakouts from symmetrical triangles normally occur around 2/3 of the way into the triangle.
Comment:
Price has broken out to the upside, I have placed a long trade targeting TP at 1.2975 with a stop loss at 1.2878. Risk to Reward just under 3:1
Trade closed: target reached

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.