Ascending Triangle Reversal Example

This chart is a bit old, but I never got to share it at the time. An ascending triangle started forming at the beginning of October and finally broke out near the beginning of November (2018). Being a daily chart, it did take a lot of patience to wait for a break, but as you can see, the reward for waiting has accumulated to nearly 300 pips! I'm still a rather new trader, so any thoughts or insight would be greatly appreciated!

Commentaire:

We are now around 400 pips worth of an amazing short trade! While I am uncertain about what platforms allow it, there were also a few good trend continuation short trades you could have gotten into and pyramided all the way down! A lovely gift for Christmas time!