That bigger expanding triangle is giving us an idea in which direction the current triangle is likely to expand. I prefer using stop orders for entering into a triangle - so if it triggers above 1.03700 - it likely to go up for the test of 1.0405-1.0410 level again. As bigger breakouts of most of the triangles fail and we're still in trading range, risk:reward for this trade is around 1:1 which turns it into more like a scalp.
評論
alexp
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although triangle has broken downside, it's a false breakout and a good trade off expanding triangle bottom... reverse is viable here