What we can see on the chart is a symmetrical triangle pattern .
Take a position only if/when the price breaks out of the triangle.
If the price breaks down, enter short.
If the price choose upside, enter long position.
Targets as shown in the chart.
P.S Don´t forget to setup stop loss :)
Good luck
Take a position only if/when the price breaks out of the triangle.
If the price breaks down, enter short.
If the price choose upside, enter long position.
Targets as shown in the chart.
P.S Don´t forget to setup stop loss :)
Good luck
Comment:
The price faked out to the upside , next came back down. This is why the stop loss is important. Target for short still valid
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If you trade this formation, don´t forget about the stop loss as tomorrow more volatility is expected as it´s Monday.