bogd

Clear Triangle Pattern, with great Risk/Reward ratio

FX_IDC:GBPEUR   Libra Esterlina / Euro
On the graph, there is the triangle pattern, one of the most wide known phenomenon in forex trading, which makes it one of the most reliable strategy as well: waiting for the break through and opening position in the appropriate direction of the breakthrough.

Good risk reward ratio:
  • If Long then we can put stop loss at around 1.1659 and take profit at 1.2338 --> R/R ratio of roughly 2.5
  • if Short then we can put stop loss at around 1.2055 and TP at 1.1198
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.