FX.co ★ dusty24 | GBP/USD

On D1, on the upward movement chart, the "5 points 2 targets" trading system is in play, with the lower target = 1.3340. Also on D1, there is a triangle with the price in the "Apex" zone. Depending on how the price trades within the range between the 1st target below = 1.3340 and above = 1.3530, the direction of the breakout from the triangle will most likely depend on this as well. Option 1: if the trading range fails to reach the level = 1.3340 and the price reverses upward, then the "5 points 2 targets" system will be in play and the price will go up again first to the 1st target = 1.3530, then to the 2nd target above = 1.3650. Option 2: if the price reaches the 1st target below = 1.3340, then most likely the triangle breakout rule will work in the direction of the long leg, in our case downward.