pottential breakout from triangle pattern
break of the trendline followed by accumulation phase forming a triangle ,
would make a nice breakout trade especially if retraces for 1/2.5 or 1/3 risk/reward,looks great on the 1h chart as well
would make a nice breakout trade especially if retraces for 1/2.5 or 1/3 risk/reward,looks great on the 1h chart as well
Trade closed: stop reached
stop was hit,price retraced,showed nice rejection signs , reached 50-55% of profit target and super agressively and unexpectedly bounced to the downside.
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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.