tntsunrise
Short

EURAUD TRI-ANGLE Short

FX:EURAUD   Euro Fx/Australian Dollar
2988 34 68
Sell the Break Out
TP1: 1.4962
TP2: 1.4727
SL: 1.5205
Trade active: TRADE ACTIVE. THE TRI-ANGLE IS BROKEN
Comment: TP1 HIT : 1.4962 CLOSE HALF POSITION
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Couldn't the price go up from triangle in exactly the same way?
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pyramids_Forex Frank Cowperwood
I have same question
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tntsunrise TOP pyramids_Forex
wait for the break out to happen then short
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Thank you!
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Great! You were right.
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Isn't this a strong continuation pattern in the traditional sense?
+2 Reply
tntsunrise TOP kujjainwala
maybe. lets see.
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strong uptrend , even it breaks it is still a correction
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tntsunrise TOP Jeffrey_Sucipto
if you look at the daily chart. it is a strong bearish trend
+1 Reply
i think it might have one more wave, just thinking.
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possible. so only short when the tri-angle is broken
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Hi, how do you see USD / CAD
thank you
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Trendline broke to the downside but price went back in the triangle. Still a good short?
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no false breakout
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nope. must close below
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stevendave kinggold
do not short on this setup lol
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An alternative option that avoids the risk of a false break is to sell short when touching the top of the triangle. It just touched it now so I am going to try that.
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CFDTradingo PRO CFDTradingo
sorry It hasn't just touched the top, my mistake. If it does I will consider that option though.
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I'm waiting the break out
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sell now....????
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CFDTradingo PRO WarderSmail
I'd say no, its still ranging back and forth in the middle of the triangle
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CFDTradingo PRO WarderSmail
I'd suggest even waiting for it to get past 1.504 or further to make sure it doesn't retrace back up.
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IslamMagdy WarderSmail
I prefer to wait my pro
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snapshot


hello tntsunrise, what do you think? ;)
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tntsunrise TOP Trading_Jazz
good chart. wait for the break out and trade
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Would you wait until it passed where the previous breakout retraced from before jumping in?
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CFDTradingo PRO CFDTradingo
Like 1.506?
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tntsunrise TOP CFDTradingo
wait untill it breaks 1.5060
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Triangles tend to continue the trend mate.
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tntsunrise TOP stevendave
not really. can be both way
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this is mor elike a symmetrical triangle so break out could be both way.
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tntsunrise TOP SaifurRahman
correct
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stevendave tntsunrise
That would be a failed triangle setup. A Triangle is a momentary contraction in the market and so the trend should continue. The targets used is the thrust added to the breakout in the direction of the trend.
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tntsunrise TOP stevendave
Seems this tri-angle is not a failed one
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