Symmetrical Triangle on GBP/JPY @ D1

This symmetrical triangle at the end of the uptrend on the daily chart of GBP/JPY offers an opportunity for a long trade in case of a bullish breakout. The triangle's borders are marked with the yellow lines. My potential entry point is marked with the cyan line. My take-profit level is shown with the green line. I will set the stop-loss level to the low of the breakout bar (not shown on the chart).

Pesanan dibatalkan:

Downside breakout invalidates the pattern.