As we can see there is an impulsive move up followed by a developing triangle pattern.
I am waiting for a breakout before entering. I'm trying to be patient this time and not jump the gun.
I am waiting for a breakout before entering. I'm trying to be patient this time and not jump the gun.
Note
Price did break but it was to the downside. And this is why we don't jump the trade and just enter whenever.Should I have shorted when price broke? I should have. That's still 30 pips worth of profit after all. Only I was asleep that time. :/
Note
Totally should have shorted. Although to be fair, I was asleep at the time of the breakout. Recurring problem, things move when I am away. :(
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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.