Possible trend continuation from descending triangle

10. Feb. 2016

From what I usually see with triangle patterns I expect this to break to the downside, resulting in a trend continuation.

SL and TP indicated on the graph. TP is just an initial target, I will most likely hold the position for longer and try to ride this trend if it continues.

I like to trade wedges and triangles, check out my other wedge/triangle trades below and follow if you like them.

10. Feb. 2016

Trade geschlossen: Ziel wurde erreicht

11. Feb. 2016

Anmerkung

NOTE: Take profit here was not real, I just couldn't move the chart up so couldn't draw any lower haha, actual TP was 112.00.