A Symmetrical Triangle is a "bi-lateral" pattern, meaning it could break in either direction.
This means we need to plan for both Short and Long situations. Our target is (pattern height * chance of success) 32.35*0.58 = ~18.76$ from breakpoint.
Entry: Wait for pattern to break in either direction + 1 bar for confirmation
TP: ~18.76$ from breakpoint
SL: Last swing point, Short SL: ~137.75, Long SL: ~126.70
R/R: Will update after breakout.
Pattern info: thepatternsite.com/st.html
This means we need to plan for both Short and Long situations. Our target is (pattern height * chance of success) 32.35*0.58 = ~18.76$ from breakpoint.
Entry: Wait for pattern to break in either direction + 1 bar for confirmation
TP: ~18.76$ from breakpoint
SL: Last swing point, Short SL: ~137.75, Long SL: ~126.70
R/R: Will update after breakout.
Pattern info: thepatternsite.com/st.html
Ordre annulé:
the market is very uncertain. will wait for next pattern