Symmetrical triangle breakout on 12h TF GALABUSD - LONG TRADE
Whats up everyone,
Hope you guys are having a great day. Just wanted to share this breakout idea on GALABUSD, the symmetrical triangle pattern just broke on the upside which indicates bulish momentum, on the lower TF such as 4h price is also above the 200MA. IMO we can buy at CMP with a SL as shown on the graph or we can wait for a retracement and place limit order around 0.52-0.53.
Let me know your thoughts on this
Cheers!!!
Hope you guys are having a great day. Just wanted to share this breakout idea on GALABUSD, the symmetrical triangle pattern just broke on the upside which indicates bulish momentum, on the lower TF such as 4h price is also above the 200MA. IMO we can buy at CMP with a SL as shown on the graph or we can wait for a retracement and place limit order around 0.52-0.53.
Let me know your thoughts on this
Cheers!!!
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