Current Setup:
Trade Plan:
1️⃣ Wait for rejection at the triangle’s resistance (upper trendline)
2️⃣ Enter short on a false breakout on the first minor zone (breakout trap)
- Price is consolidating inside a symmetrical triangle (indecision phase)
- Key Trigger: If price touches the upper trendline & reverses (potential trend shift from bullish to bearish)
Trade Plan:
1️⃣ Wait for rejection at the triangle’s resistance (upper trendline)
2️⃣ Enter short on a false breakout on the first minor zone (breakout trap)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.