exploration
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GPB/USD 1 Day TF Rising Wedge ... 560 pip Target

FX:GBPUSD   British Pound / U.S. Dollar
805 8 0
GPB/USD 1 Day TF Rising Wedge ... 560 pip Target
I think price will break out at the bottom rising wedge and go to 1.4985 area eventually
Setup: place trade only if price breakout out below the triangle 1.5545 area

High 1.5660 minus Low 1.5100= 560 pips target
Breakout 1.5545 area to go down 560 pips to 1,4985 area
This calculation is based on a rough break out area estimation

These are the videos i learned on how to trade forex
This is a video on how to place stop out and limits on trading triangles
http://www.informedtrades.com/3355-falling-rising-wedge-trading-strategies.html


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I closed this chart ...Made some Profit ...Price action stoped-out over-all target
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GBP/USD I am watching price movement on this chart
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I am following this chart
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Breakout at bottom of the triangle
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If your planning to trade inside of the triangle this chart looks good ...but its can be high risk to trade inside of triangles if you are undercapitalized for drawdowns
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exploration exploration
Chart double posted
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his chart has the same kind of estamation as mine
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