PSX · MODARABAS · 1 Hour
FHAM Ascending Triangle breakout
First Habib Modaraba · 05 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 27.99 on the breakout. Target 29.03, invalidation 26.51.
Trade plan
● Active- Close
- 27.99
- ▲ 1.05%
- Target
- 29.03
- +3.7%
- Invalidation
- 26.51
- -5.3%
RiskReward
- Reward : risk
- 0.7 : 1
- ATR
- 0.30
- Price now
- 27.60 -1.4%
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
FHAM broke above its ascending triangle on the hourly close at 27.99.
Projected target 29.03 (+3.7%). The pattern is invalidated beyond 26.51 (-5.3%), a reward-to-risk of about 0.7 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 35.50). Nearest supply OB 29.06 - 29.34.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 27.99.
- 2 The target, 29.03 (+3.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 26.51 (-5.3%), cancels the setup.
- 4 Reward : risk is 0.7 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.