EUR/USD 30 Min Breakout - Symmetrical Triangle Pattern

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I’m analyzing a potential breakout in EUR/USD on the 30-minute chart. The pair is forming a symmetrical triangle pattern, suggesting a phase of consolidation after the sharp downward move earlier. Based on the trendlines:

The red horizontal line indicates resistance near 1.0250.
The green ascending line represents rising support, forming the lower bound of the triangle.
My Bias: I expect an upside breakout based on the momentum building along the ascending trendline. The price has tested resistance multiple times, increasing the likelihood of a breakout.

Plan:

Entry: I plan to go long if the price breaks and closes above 1.0250, ideally with increased volume to confirm the move.
Stop Loss: Below the ascending support line near 1.0230 to minimize downside risk.
Target: Projecting the height of the triangle, my first target would be 1.0275, with a stretch goal around 1.0300 if momentum continues.
Keep in mind, breakouts can sometimes fail, so patience and proper risk management are key.

What do you think of this setup? Let me know your thoughts!

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