(XBRUSD) on the 30-minute timeframe, here’s the technical outlook:
Chart Pattern Observed:
You have a symmetrical triangle breakout setup:
The price is currently breaking above the triangle resistance.
There’s a bullish bias post-breakout with two targets marked.
Targets Identified on Your Chart:
1. First Target: ~$79.00
2. Second Target: ~$81.50
These are based on the typical triangle breakout projection, where:
The height of the triangle is measured and added to the breakout point.
The first target often aligns with a conservative measure.
The second target aims for the full projection of the pattern height.
Current Price: ~$75.32 (as shown)
Confirmation:
To validate this breakout:
Watch for a candle close above the triangle resistance.
Confirm with volume increase or continued momentum.
Stop-loss is ideally below the triangle support, near ~$73.00.
Let me know if you want risk/reward calculations or a similar setup on a different asset.
Chart Pattern Observed:
You have a symmetrical triangle breakout setup:
The price is currently breaking above the triangle resistance.
There’s a bullish bias post-breakout with two targets marked.
Targets Identified on Your Chart:
1. First Target: ~$79.00
2. Second Target: ~$81.50
These are based on the typical triangle breakout projection, where:
The height of the triangle is measured and added to the breakout point.
The first target often aligns with a conservative measure.
The second target aims for the full projection of the pattern height.
Current Price: ~$75.32 (as shown)
Confirmation:
To validate this breakout:
Watch for a candle close above the triangle resistance.
Confirm with volume increase or continued momentum.
Stop-loss is ideally below the triangle support, near ~$73.00.
Let me know if you want risk/reward calculations or a similar setup on a different asset.
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t.me/+yJ2-qfkocRg1NDlk
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
Related publications
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.
t.me/+yJ2-qfkocRg1NDlk
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
Related publications
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.