This is the safer of two alternatives on how to trade a triangle. The clue is that you wait for it to break. Moreover, you keep patient for a retest during the first notable pullback (look for a 38.2% Fib.).
The trade gets activated on the retest, which usually allows a tight stop / loss level. Your upside target is close to the biggest distance that you saw within the triangle. All in all, you create an asymmetric risk/reward trade setup by following that.
That's the relatively safe version of trading a triangle.
Good luck on that trade idea!
The trade gets activated on the retest, which usually allows a tight stop / loss level. Your upside target is close to the biggest distance that you saw within the triangle. All in all, you create an asymmetric risk/reward trade setup by following that.
That's the relatively safe version of trading a triangle.
Good luck on that trade idea!
Not
Trade not triggered yet. It is still not dead. Check out our idea from April 22nd on a potential break of the lower contraction support.Not
This setup went dead before the trade got triggered.The lower contraction support got violated today.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.