If we break this triangle up, I think there is good chance for run to 12.46. SL is last local low. Target is height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL). Valid until SL level hit (even if BUY STOP-LIMIT not filled before). RRR is 4.75.
Order cancelled
Well, it broke out the other way around, trade not triggered, and the setup is invalidated. But I'm still tracking this triangle and I will be looking for long positions again. Will keep you posted.
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