Symmetrical Triangle - Wait for breakout
Reasoning:
1) Wait for the breakout and take a trade towards that direction
2) If the pair breaks the support of the horizontal channel then look for a TP target on the S4 pivot
3) Notice the 3rd bounce was not as strong as the other 2 and then price consolidated which makes me think that maybe the bulls are taking a break and it's time for the bears to take over
1) Wait for the breakout and take a trade towards that direction
2) If the pair breaks the support of the horizontal channel then look for a TP target on the S4 pivot
3) Notice the 3rd bounce was not as strong as the other 2 and then price consolidated which makes me think that maybe the bulls are taking a break and it's time for the bears to take over
Trade geschlossen: Ziel wurde erreicht