just wanted to share my view on gbpusd ; as you can see price has recently broken to the upside this simple pattern called triangle. It's basically made of two converging that encompass price action. You can take advantage of this pattern by simply buy at the first candle close above/below one of the , or you can wait for a retracement and then enter the market.
The bigger retracement has already happened, but as of now price level is nice in order to have a positive risk to reward ratio at the retest of the daily resistance near 1,2550, so it's appealing to me.
Entry at market, stops below 1,2400 even handle, target1 near 1,2550, target2 to be determined (approximately near the dark green line).
If you have any question, feel free to type it in below.
Otherwise, see you in the next chart!
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Ultimo video: https://youtu.be/0rIFF-j4kdM
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