LeeThompson97

GBP/EUR Ascending Triangle Formation

Long
FX_IDC:GBPEUR   British Pound / Euro
Clear ascending triangle pattern recognisable on daily and weekly timeframes, there is a bullish bias using the 3 drives pattern. With this in mind, and the recent rejection of the lower support line, use a break of the counter trend line to confirm the trade. Ideally price should eventually break out at the to of the triangle, however expect a retest of the lower support before surging upwards.

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