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GBPUSD Bullish Triangle Breakout and Long Opportunity Target Reached Trade Closed 150 pips

Positive UK GDP triggered the breakout of the triangle. Our trade is as follows:

Time Frame: H1

Trade Period: Intraday /Midterm

Estimated completion time: 2-16 H1 Candle Sticks

The trend in the Timeframe: Bullish

The trend in the Daily Chart: Neutral

Trade Based On Triangle Breakout

The accuracy of the pattern: 91  %

Recommended Lot Size: 0.10 at 10K

Trade: Long

The Area Of The Entry:  1.27880

Stop Loss: 1.272**

Target 1: 1.28170  / TP1 Reached

Target 2: 1.28470

Target 3: 1.28740

Target 4: 1.29030

Extented Target: 1.29220 / TARGET REACHED 150 PIPS

You can view the setup: https://www.tradingview.com/chart/GBPUSD/JSCGeku8-GBPUSD-Broken-the-triangle/

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

GBPUSD: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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