EURUSD - H1 Descending Triangle & Short Setup
EURUSD - H1 Descending Triangle & Short Setup
"Descending Triangles" are bearish. "Descending triangles" form in bear markets and favor breakdowns.
Trade: Trade one tick below the low of the breakdown bar (outside of the triangle). Confirm the
breakdown with increased volume.
Target: "Descending" triangles have similar targets like "Ascending" triangles. Measure "Triangle"
depth at the lowest and highest points and set targets at 50% and 100% range from the
breakdown point.
Stop:Place a "stop" order outside the downward slope trend line. If price closes above the top trend
line, exit the trade.
Enjoy our limited Content and Setups,
leave us a like and Comment!!
"Descending Triangles" are bearish. "Descending triangles" form in bear markets and favor breakdowns.
Trade: Trade one tick below the low of the breakdown bar (outside of the triangle). Confirm the
breakdown with increased volume.
Target: "Descending" triangles have similar targets like "Ascending" triangles. Measure "Triangle"
depth at the lowest and highest points and set targets at 50% and 100% range from the
breakdown point.
Stop:Place a "stop" order outside the downward slope trend line. If price closes above the top trend
line, exit the trade.
Enjoy our limited Content and Setups,
leave us a like and Comment!!
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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.
İlgili yayınlar
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.