From what I usually see with triangle patterns I expect this to break to the downside, resulting in a trend continuation.
SL and TP indicated on the graph. TP is just an initial target, I will most likely hold the position for longer and try to ride this trend if it continues.
I like to trade wedges and triangles, check out my other wedge/triangle trades below and follow if you like them.
SL and TP indicated on the graph. TP is just an initial target, I will most likely hold the position for longer and try to ride this trend if it continues.
I like to trade wedges and triangles, check out my other wedge/triangle trades below and follow if you like them.
Trade closed: target reached
Note
NOTE: Take profit here was not real, I just couldn't move the chart up so couldn't draw any lower haha, actual TP was 112.00.
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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.
Related publications
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.