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DESCENDING TRIANGLE

FX:AUDUSD   澳幣 / 美元
68 0 4
Morning traders!

4H Chart

Here is a great longterm setup with possibly multiple positions that can be taken here.

Currently we have a "Descending Triangle" with a great entry available at resistance.

I built the "Descending Triangle" on a 4H chart, I also have found confluence with my previouse published "Cypher Pattern" on the D Chart

There are pattern formations inside of pattern formations. Depending on your skill, understanding confluence as a trader becomes more and more important.

Note: This idea was sourced from a book called "Encyclopedia of Chart Patterns" second edition.

評論: Please leave any feedback
評論:
評論: This trade is a great example of waiting for the market to come to me instead of traders who, so to speak "chase the markets"
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