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!
註釋
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.註釋
This setup went dead before the trade got triggered.The lower contraction support got violated today.
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。