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Symetricaltriangle

GBPUSD 4H Symetrical triangle + Bullish market structureOn the 4H chart for the GBPUSD we are getting a symetrical triangle Since the end of October we can observe a well defined Bullish market structure ( orange line ) which indicate an up trend For higher success ratio, you are looking for a breakout to the up side from the chart pattern as it will align with the general trend Additional factors to take in consideration: - The low points of the symetrical triangle pattern have bounced up from a support range created from the previous major low in this Bullish market structure and from the 200 SMA - Few candles back the 20 and 50 SMAs produced a Bullish cross. If the price goes up and breaks above the chart pattern, we will likely get a proper alignment of the price and the 20, 50 and 200 SMAs to give further confirmation of a further movement to the up side
Long
by RTED_Investing
BTC on symetrical triangle, whats next?we didnt get the Etf solved yesterday, soo we didnt bounced from symetrical triangle , TA looks identical to yesterday TA with only some nuremous changes, we need to stay calm and dont get into trade in bad place, market is very volatile on last days . Soo far structure is bullish and we might get daily close today above 44k. But dont trade on outbreak from this triangle, with this volatile i expect a lot of moves and a lot of fakeouts before right trend direction. Even if we break triangle up i still think we might get big red candle down to take out longs before another leg up
Long
by pangreen12