PSX · COMMERCIAL BANKS · 1 Hour
SCBPL Descending Triangle breakout
Standard Chartered Bank (Pak) Ltd · 20 Oct 2026 · 13:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 60.37 on the breakout. Target 64.91, invalidation 58.10.
Trade plan
● Active- Close
- 60.37
- ▲ 1.46%
- Target
- 64.91
- +7.5%
- Invalidation
- 58.10
- -3.8%
RiskReward
- Reward : risk
- 2.0 : 1
- ATR
- 0.66
- Price now
- 59.00 -2.3%
Outcome measured on the 1 hour bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 1 Hour candles · click to enlarge
The breakdown
SCBPL broke above its descending triangle on the hourly close at 60.37.
Projected target 64.91 (+7.5%). The pattern is invalidated beyond 58.10 (-3.8%), a reward-to-risk of about 2.0 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 79.00). Nearest demand OB 52.01 - 54.50, supply OB 66.55 - 68.89.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 60.37.
- 2 The target, 64.91 (+7.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 58.10 (-3.8%), cancels the setup.
- 4 Reward : risk is 2.0 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the descending triangle
A descending triangle is a falling upper trendline meeting flat support; a close below support usually continues the fall, a close above the trendline signals a reversal.
- Confirmation
- A candle close outside the triangle.
- Target
- The triangle's widest height, projected from the breakout.
- Fails if
- A close back inside the triangle soon after the break (a fake-out).