Fascinating stuff, I am always interested in how we all see the charts differently.
To my eye, recent PA has broken the triangle on the 240, and while I see what you are looking at on the Hourly I have the lower edge of your triangle marked as a horizontal level - these levels are always more like zones than specific levels, anyway, so even with the Hourly choppiness from Wednesday I still have it as a flat level. I have had some success shorting the lower highs at the top of the range into this horizontal level.
But you will trade it as a triangle, and also make winning trades from it.
I find this area of trading very interesting - thanks for posting the chart.
It’s right at the support at the moment, so I would not suggest shorting anything yet unless it breaks through strongly. Note: That’s my opinion, and I’m a noob
Yes, I kinda got in early but anyway, won’t regret any trades made, keep it with an open mind. The price is starting to move upwards… But i will just let the price stop me.
Nice to see discussions with the trade going on! I hope people won’t flame me if I cause losses like in other forums.
I’m just here to share.my ideas so please be easy with me ***uncertainty was a lil harsh on me…
(the mt4 indicator alarm woke me from sleep, damn!)
Yes! I guess it is still continuing to form the pattern. Plotted the H4 lower triangle support a lil high, the longer the line -> little change in angle near the pivot = big change near the end. I guess it will be tomorrow for me to trade again. Oh, the fun of forex:)
Morning all!
SO I was wrong went in too early, agh impatience.
But anyway, the triangle is still forming, and I’m going with the prediction that it will be a bearish breakout
Share your ideas!
but anyway, won’t regret any trades made, keep it with an open mind. The price is starting to move upwards… But i will just let the price stop me.
***uncertainty was a lil harsh on me…
