PSX · MODARABAS · 30 Min
BFMOD Ascending Triangle breakout
B.F. Modaraba · 19 Oct 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 23.50 on the breakout. Target 25.12, invalidation 21.00.
Trade plan
● Active- Close
- 23.50
- ▲ 3.75%
- Target
- 25.12
- +6.9%
- Invalidation
- 21.00
- -10.6%
RiskReward
- Reward : risk
- 0.6 : 1
- ATR
- 0.63
- Price now
- 24.09 +2.5%
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
BFMOD broke above its ascending triangle on the 30-minute close at 23.50.
Projected target 25.12 (+6.9%). The pattern is invalidated beyond 21.00 (-10.6%), a reward-to-risk of about 0.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 14.30). Nearest demand OB 21.00 - 21.48.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 23.50.
- 2 The target, 25.12 (+6.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 21.00 (-10.6%), cancels the setup.
- 4 Reward : risk is 0.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the ascending triangle
An ascending triangle is rising support meeting flat resistance; a close above resistance usually continues the rise, a close below support signals weakness.
- 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.