Ascending triangle on GBPUSD
-> Strong support BUT
-> if it breaks the support, pattern invalidated .
-> Long opportunity if it breaks the resistance.
-> Stop loss is your friend.
-> Take profit depends on your risk appetite.
Symmetrical Triangle break/fake outs on USDCAD
-> Long opportunity if it holds.
-> Stop loss is your friend.
-> Take profit depends on your risk appetite.
USDJPY ascending triangle on 15-min timeframe.
-> Wait for confirmation before entering.
-> pattern invalidated if it breaks the support.
-> Watch out for the rising wedge (bearish reversal) and
-> Symmetrical Triangle on 1hr timeframe.
-> Cut loss is your friend.
-> Take profit depends on your risk appetite.
textbook bullish butterfly formation on USDCAD
-> Potential reversal zone on point D.
-> You may wait for the confirmation of reversal.
-> Stop loss is your friend.
-> Take profit depends on your risk appetite.
