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GBPCHF Triangle Breakout And LOng Opportunity

GBPCHF Triangle Breakout And LOng Opportunity

Description: GBPCHF trading on an ascending trendline on the H1 chart and testing the descending trend line. ( A triangle pattern ) Long opportunity at the breakout of the triangle.

Time Frame: H4

Trade Period: Intraday

If the pattern becomes validated estimated completion time: 2-5 H4 Candle Sticks

The trend in the Timeframe: Bearish

The trend in the Daily Chart: Neutral

Trade Based On Triangle Pattern

The accuracy of the pattern: 76 %

Recommended Lot Size: 0.10 at 10K

Trade: Long

The Area Of The Entry: Estimated Breakout 1.25350

Stop Loss:  Below 1.25100

Target 1: 1.25600

Target 2: 1.25900

Target 3: 1.26200

You can view the setup:GBPCHF Triangle Pattern

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

GBPCHF: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

 

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