SOUTH AFRICAN RAND / BRITISH POUND
Long
Updated

Perfect ascending triangle on South African rand

126
6 perfect hit points on both support and resistance for this ascending triangle.

I will buy a break to the upside, with profit targets based on previous structure support. I define a break here as a close above the resistance (although this does change slightly from chart to chart, depending on a number of factors).

Zoom out to view more profit targets from structure (0.0471 and 0.0474).
Note
There it goes.
Trade closed: stop reached
Got so close.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.