EURCAD Contracting Triangle inside the Ascending Channel

20 Mar 2017

Observation:
- Price Action reach the dynamic resistance of a contracting triangle
- Consolidation process followed by a break up

Analysis:
Breaking triangle contraction, price action will either hit dynamic support (if go for short) or hit dynamic resistance (if go for long)

20 Mar 2017

Not

we wait until price breaks triangle contraction, then place order for higher prediction rate.

27 Mar 2017

Not

Just break the channel,

I need to construct another higher slop this time for a new channel

14 Nis 2017

İşlem kapandı: hedefe ulaştı