Belousov_Nik

Belousov_Nik

OANDA:EURUSD Entry level: 1.0400-1.0410 Price above 1.0390 will activate Buy Stop (17%), causing an upward impulse. Sell Limit at 1.0400-1.0410 will allow to enter at a favorable price before the reversal. Take Profit (TP) TP level: 1.0360 The price is likely to return below 1.0390 in case of a false breakout. 1.0360 is the nearest liquidity accumulation and a...

Belousov_Nik

The descending triangle pattern is one of the most popular chart patterns in technical analysis of financial markets. This pattern is usually considered as a signal of a possible price reversal. The descending triangle pattern looks as follows: On the chart, it represents a resistance line (upper horizontal line) that connects the higher tops of price...