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InsiderB
17. Nov. 2016 04:14

GBPUSD : Descending triangle ready for breakout 

British Pound/U.S. DollarFXCM

Beschreibung

I think GBPUSD will range for few more hours before breaking out. I could have done wave counts and predict the direction of trade, but elliot wave counts also fail. So, instead of playing predicting game, we can enter direction of breakout and if that happens to be false one, the other side move will recover the lost pips and give more pips than we lose.
For aggressive trading - enter long on trendline breakout ( yellow) but its risky n aggressive too !
So here am looking for a breakout, but we need to wait patiently !
Happy Trading !

Trade ist aktiv

Bullish Breakout happened (late update)

Kommentar

Book your profits and if you want to trial, be very tight about that

Kommentar

Another Trade setup, harmonic patterns : ( in a hurry,so updating in same post)

Kommentar

Both Targets achieved in gartley also, Enjoy Guys, we are having a very good day :)
Kommentare
piptamil
Thank you and have a nice weekend :)
MonishaP
very good
InsiderB
@MonishaP, Thanks
fadlyy
is that falling wedge??
InsiderB
@fadlyy, No buddy, I prefer that as triangle
zenikibeniki
very good
InsiderB
@zenikibeniki, Thanks man !
raoadnan84
really worth it to see your charts
InsiderB
@raoadnan84, Ah ! Thats nice one,thanks :)
AbodeaAlkin
well done analysis :) ,, keep it up ,, you doing really professional work :)) ..all the best
:)
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