GBP/USD (4-hour timeframe
An ascending triangle pattern.
A clear horizontal resistance around 1.36200–1.36300.
An upward projection toward a "TARGET POINT" labeled above the resistance.
To estimate the target from this breakout:
📌 Target Calculation (Measured Move Method)
Using the height of the triangle:
Support (Base) ≈ 1.33000
Resistance (Top) ≈ 1.36250
Height of Pattern ≈ 1.36250 − 1.33000 = 325 pips
If the breakout is around 1.36250:
🎯 Projected Target:
1.36250 + 0.03250 = 1.39500
---
✅ Final Target Estimate:
1.39500 (approximate)
This is a textbook bullish target, assuming strong breakout momentum continues.
Would you like help with setting stop-loss levels or risk/reward ratio for this trade?
An ascending triangle pattern.
A clear horizontal resistance around 1.36200–1.36300.
An upward projection toward a "TARGET POINT" labeled above the resistance.
To estimate the target from this breakout:
📌 Target Calculation (Measured Move Method)
Using the height of the triangle:
Support (Base) ≈ 1.33000
Resistance (Top) ≈ 1.36250
Height of Pattern ≈ 1.36250 − 1.33000 = 325 pips
If the breakout is around 1.36250:
🎯 Projected Target:
1.36250 + 0.03250 = 1.39500
---
✅ Final Target Estimate:
1.39500 (approximate)
This is a textbook bullish target, assuming strong breakout momentum continues.
Would you like help with setting stop-loss levels or risk/reward ratio for this trade?
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📲 Join telegram channel free ..
t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
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.