GBPUSD in a triangle
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The pair is in a triangle as shown above. The best regions to trade is after a successful breakout of the pattern as will be indicated bellow.
Nota
Nota
1st Opportunity: If the resistance level highlighted by orange successfully hold.Plan: Wait for a chart pattern such as double bottom,etc or candle stick
pattern.
Target: the support that corresponds the psychological level. If this is succesfully breached, then watch for further move toward the triangle resistance.
2nd Opportunity: If price breaches the orange highlighted resistance ( which is the confirmation of a successful breaking of the triangle)
Plan: If the support zone is broken out I will check the Risk/Reward for entry and will watch the level 1.29500 for the signs of support and watch for any possibility of a retracement.
3rd Opportunity: The upward breakout.
Plan: Target is around 1.32020 but the regions around 1.3150 should be watched for reversal or retracement.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.