Ascending Triangle on EUR/GBP @ W1

The ascending triangle formation on the W1 chart of EUR/GBP can be used for an upward breakout trade. The triangle's borders are marked with the yellow lines. My potential entry is marked with the cyan line. My potential take-profit level is marked with the green line. I will set my stop-loss to the low of the breakout bar (not shown on the chart).

Order avbruten:

Pattern invalidated. Cancelling entry order.