The formed symmetrical triangle on the daily chart of GBP/CHF offers a bullish breakout opportunity. The triangle's borders are marked with the yellow lines. My potential entry is located at the cyan line. My potential take-profit level is at the green line. I will use the low of the pattern's base as my stop-loss level (1.26194).
Note
Due to incorrectly set stop-loss, trade has been close on Oct 29 at 10:17 UTC at 1.27476.It was entered on Oct 28 at 13:47 UTC with open at 1.28171.
Trade closed: stop reached
Due to incorrectly set stop-loss, trade has been close on Oct 29 at 10:17 UTC at 1.27476.It was entered on Oct 28 at 13:47 UTC with open at 1.28171.
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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.
You can find useful tools to detect, build, and trade chart patterns - all completely free on 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.