chewg74
Short

GBPUSD D1 SHORT - TRIANGLE BREAKOUT!

FX:GBPUSD   British Pound / U.S. Dollar
76 1 5
A possible daily chart triangle breakout in progress.
For a safer bet we can wait until daily candle close, sacrificing risk to reward ratio.
Trade active: Price trending down nicely.
Stops to yesterday's high.
Trade active: Stops to breakeven, also yesterday's high.
Trade active: Trending down nicely.
Stops to yesterday's high.
Trade closed: target reached: Closed with a nice profit of 475 pips.
As the dust settles after the black swan flash crash on Friday, I am reminded yet again on the hazards of trading the financial markets.
This time I was on the right side of the market - it could have been the opposite. Rules followed? - check. Stops? - check. Target price? - check.
There is just no way to know which cards you will be dealt, you just gotta play em as they come. One trade at a time.
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