Possible trend continuation from descending triangle
Updated
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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