EURCAD Contracting Triangle inside the Ascending Channel
Observation:
- Price Action reach the dynamic resistance of a contracting triangle
- Consolidation process followed by a break up
Analysis:
Breaking triangle contraction, price action will either hit dynamic support (if go for short) or hit dynamic resistance (if go for long)
- Price Action reach the dynamic resistance of a contracting triangle
- Consolidation process followed by a break up
Analysis:
Breaking triangle contraction, price action will either hit dynamic support (if go for short) or hit dynamic resistance (if go for long)
Commentaire:
we wait until price breaks triangle contraction, then place order for higher prediction rate.
Commentaire:
Just break the channel,
I need to construct another higher slop this time for a new channel
I need to construct another higher slop this time for a new channel
Trade fermée: cible de profit atteinte