Ascending channel - Sell
Updated
Price is clearly forming a bigger expanding triangle and an ascending channel inside it. Which gives a picture of pattern with in a pattern structure.
This is added confirmation that the price is likely to go short.
Please Note:
Just knowing the direction of the next move will not help being profitable.
There is a lot more to it with regards to the entry technique and successfully managing the trade after entering the trade.
If you look at my previous trades, 90% are impulsive moves covering about average of 80-100 pips.
So you need to make sure you enter the trade at the right time and manage the trade to get the maximum amount of pips from it.
Comment below in case if you need to know how to do it if interested.
This is added confirmation that the price is likely to go short.
Please Note:
Just knowing the direction of the next move will not help being profitable.
There is a lot more to it with regards to the entry technique and successfully managing the trade after entering the trade.
If you look at my previous trades, 90% are impulsive moves covering about average of 80-100 pips.
So you need to make sure you enter the trade at the right time and manage the trade to get the maximum amount of pips from it.
Comment below in case if you need to know how to do it if interested.
Trade closed: target reached
Trade played out as per planThank you to all those who have sent me private message to learn more about the trade
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