๐ GBP/USD M5 โ Symmetrical Triangle Formation ๐บ
The chart is compressing like a spring โ a breakout is coming! ๐ฅ
These setups donโt lie... only the trader does if they donโt prepare. ๐
๐ Pattern: Symmetrical Triangle
๐ Timeframe: 5-Minute (M5)
๐ Whatโs Happening:
Price is consolidating between converging trendlines โ a classic indecision zone before an explosive move.
๐ How to Trade It:
โ
Wait for a breakout with strong volume
โ
Enter on retest or breakout candle close
โ
Place stop just outside the opposite end of the triangle
โ
Target based on the height of the triangle (measure the base)
๐ฌ Price contracts before it expands โ master the squeeze, and you master the breakout.
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