XBR/USD.30M CHART PATTERN.(XBRUSD) on the 30-minute timeframe, here’s the technical outlook:
Chart Pattern Observed:
You have a symmetrical triangle breakout setup:
The price is currently breaking above the triangle resistance.
There’s a bullish bias post-breakout with two targets marked.
Targets Identified on Your Chart:
1. First Target: ~$79.00
2. Second Target: ~$81.50
These are based on the typical triangle breakout projection, where:
The height of the triangle is measured and added to the breakout point.
The first target often aligns with a conservative measure.
The second target aims for the full projection of the pattern height.
Current Price: ~$75.32 (as shown)
Confirmation:
To validate this breakout:
Watch for a candle close above the triangle resistance.
Confirm with volume increase or continued momentum.
Stop-loss is ideally below the triangle support, near ~$73.00.
Let me know if you want risk/reward calculations or a similar setup on a different asset.
