đ GBP/USD M5 â Symmetrical Triangle Formation đē
The chart is compressing like a spring â a breakout is coming! đĨ
These setups donât lie... only the trader does if they donât prepare. đ
đ Pattern: Symmetrical Triangle
đ Timeframe: 5-Minute (M5)
đ Whatâs Happening:
Price is consolidating between converging trendlines â a classic indecision zone before an explosive move.
đ How to Trade It:
â
Wait for a breakout with strong volume
â
Enter on retest or breakout candle close
â
Place stop just outside the opposite end of the triangle
â
Target based on the height of the triangle (measure the base)
đŦ Price contracts before it expands â master the squeeze, and you master the breakout.
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