WilliamDBruce

Wait For The Breakout!!!!!!!!!! (GBPUSD)

FX:GBPUSD   British Pound / U.S. Dollar
811 views
33
Hi Guys . GBPUSD is about to break the SYMMETRICAL TRIANGLE . Wait for the breakout . Hope y'll find this useful . G'day Guys .
Trade active: It broke the upper level
Trade closed: target reached

Comments

Great work!
+3 Reply
to me thi smakes all little sense.

you asumed the triangle so you published the idea "may break to the upside or may break to the downside".
after that it broke to the upside, so where was your entry and where was your stop or why did you not enter?
after that false breakout (from a triangle idea perspective) price fell down and you claim a take profit...

possibly even after a false entry you may this time be in positive all in all, but... lucky nevertheless. no?

_if_ you really where profitable on that thing here then let us all know how this strategy works in a reproducable and not gambling way.
Reply
neer asume some structure to be a triangle, because you neer can tell before it is finished. triangles are not the most common structures. you may paint in a triangle and trade it and be lucky that it worked out somehow but in the end most structures are not unsoling itselfes as triangles in the end.
Reply
does the weekly bullish engulfing support a upside break?
Reply
Deeply Kevinkw
@Kevinkw, I don't see any engulfing . Can you upload the screenshot .
+4 Reply
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