GDPUSD: Ascending triangle pattern (Wait for confirmation)
After GDP:USD hit a double top at the resistance I've been bearish ever since. I think we will breakout of this ascending triangle pattern.
Wait for confirmation at the lines of the triangle. If breaks down, set a short trade & the target will be the trend line.
If stop-loss is broken go long.
Wait for confirmation at the lines of the triangle. If breaks down, set a short trade & the target will be the trend line.
If stop-loss is broken go long.
Trade active
Forgot to mention:ABCD pattern is also in place. Resistance cut it slightly short.
Trade closed: stop reached
Broke above resistance and hit the SL.
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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.