📚 LEARN MORE 💰 EARN MORE With ForecastCity Descending Triangle Definition: An Descending Triangle is a type of triangle chart pattern that occurs when there is a support level and a slope of lower high . It is defined by two lines: .A horizontal support line running through valleys. .A Downtrend line drawn through the peaks. The lower highs...
This is Friday's documented trade in GBPNZD. Great Type 1 Breakout with all 4 horseman aligned. Nice easy set-up, execution and Great result.
Dears, please, take care of your position as you can see we can enter when the price become bearish. Good luck
The notes to this trade are on the screen ** There was no divergence in this trade set up. **
Technical Analysis: (Same Exact Setup As GA) -Price broke below the MA aggressively -Broke below purple zone which was previously a strong floor and now retesting -Confluence between all three indicators Emotions: -I came into this setup a little late, I was eyeing this earlier in the morning and had it on my watch list but, I just saw this trade and am not...