EURCHF MARKET ANALYSIS 4H TIMEFRAME | DESCENDING TRIANGLE
Risky setup because price is already at major support zone. But descending triangle pattern is formed.
Descending triangle pattern is usually a continuation pattern. So i will look to take a short trade on this pair if the price breakout of support (black line)
SL 45 pips
TP 343 pips @ manual close when reversal is looking to happen/reached at least 1:2 risk reward ratio
Bear in mind this kind of pattern can also play as descending triangle reversal. So if price break upper trendline instead, i will take a long trade on this pair.
TRADE AT YOUR OWN RISK, SUPPORT THIS IDEA WITH A LIKE IF YOU FIND IT USEFUL :D
Descending triangle pattern is usually a continuation pattern. So i will look to take a short trade on this pair if the price breakout of support (black line)
SL 45 pips
TP 343 pips @ manual close when reversal is looking to happen/reached at least 1:2 risk reward ratio
Bear in mind this kind of pattern can also play as descending triangle reversal. So if price break upper trendline instead, i will take a long trade on this pair.
TRADE AT YOUR OWN RISK, SUPPORT THIS IDEA WITH A LIKE IF YOU FIND IT USEFUL :D
交易進行
Price breakout upper trendline descending triangle. Entry long at close of breakout candle. SL at previous low.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。