AndriyMoraru

Symmetrical Triangle on GBP/USD @ H4

Long
AndriyMoraru Updated   
FX:GBPUSD   British Pound / U.S. Dollar
This symmetrical triangle pattern on the H4 chart of GBP/USD offers a bullish breakout trade opportunity. The triangle's borders are marked with the yellow lines. My potential entry level is marked with the cyan line. My potential take-profit level is marked with the green line. I will set my stop-loss to the low of the breakout candle (not shown on the chart).
Trade active:
Buy trade entered today at 9:47 UTC @ 1.34147, SL=1.33671, TP=1.37259.
Trade closed: target reached:
TP @ 1.36262 reached at 11:11 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.