EUR/GBP -26/10/2021-

• Triangle pattern on daily chart
• Breakout can be to the upside or downside
• In this case, breakout was on the downside
• How to set the price target?
1- Measure the difference between the lowest and highest point in the triangle
2- Project it from the breakout point
• As illustrated on the chart, the price range of the triangle, projected from the breakout point gives us the target at the critical multi year support at 0.8270

Good luck