TRADE OF THE WEEK | Classic Triangle Breakout 💰
Hey traders,
Here is a great short rally that we caught with my Top-Down trading strategy this week.
The pair reached a major daily structure and formed a head and shoulders pattern on that on hourly.
Being stuck on the neckline for some time, the price formed a descending triangle formation.
Breakout of its horizontal support was the trigger to short.
With a consequent strong bearish wave, 500 pips of pure profit were made.
Great winner!!!
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Enjoy your weekend, traders!
Note
Check my new idea on GOLD: 
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
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.