tntsunrise
Short

EURAUD TRI-ANGLE Short

FX:EURAUD   Euro Fx/Australian Dollar
2986 34 68
a year ago
Sell the Break Out
TP1: 1.4962
TP2: 1.4727
SL: 1.5205
a year ago
Trade active: TRADE ACTIVE. THE TRI-ANGLE IS BROKEN
a year ago
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?
Reply
pyramids_Forex Frank Cowperwood
a year ago
I have same question
Reply
tntsunrise TOP pyramids_Forex
a year ago
wait for the break out to happen then short
Reply
Frank Cowperwood tntsunrise
a year ago
Thank you!
Reply
Frank Cowperwood tntsunrise
a year ago
Great! You were right.
Reply
kujjainwala
a year ago
Isn't this a strong continuation pattern in the traditional sense?
+2 Reply
tntsunrise TOP kujjainwala
a year ago
maybe. lets see.
Reply
strong uptrend , even it breaks it is still a correction
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tntsunrise TOP Jeffrey_Sucipto
a year ago
if you look at the daily chart. it is a strong bearish trend
+1 Reply
BLKS
a year ago
i think it might have one more wave, just thinking.
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tntsunrise TOP BLKS
a year ago
possible. so only short when the tri-angle is broken
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UNLIMITED
a year ago
Hi, how do you see USD / CAD
thank you
Reply
kinggold
a year ago
Trendline broke to the downside but price went back in the triangle. Still a good short?
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Jeffrey_Sucipto kinggold
a year ago
no false breakout
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tntsunrise TOP kinggold
a year ago
nope. must close below
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stevendave kinggold
a year ago
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
a year ago
sorry It hasn't just touched the top, my mistake. If it does I will consider that option though.
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IslamMagdy
a year ago
I'm waiting the break out
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WarderSmail
a year ago
sell now....????
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CFDTradingo PRO WarderSmail
a year ago
I'd say no, its still ranging back and forth in the middle of the triangle
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CFDTradingo PRO WarderSmail
a year ago
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
a year ago
I prefer to wait my pro
Reply
snapshot


hello tntsunrise, what do you think? ;)
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tntsunrise TOP Trading_Jazz
a year ago
good chart. wait for the break out and trade
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CFDTradingo PRO tntsunrise
a year ago
Would you wait until it passed where the previous breakout retraced from before jumping in?
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CFDTradingo PRO CFDTradingo
a year ago
Like 1.506?
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tntsunrise TOP CFDTradingo
a year ago
wait untill it breaks 1.5060
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stevendave
a year ago
Triangles tend to continue the trend mate.
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tntsunrise TOP stevendave
a year ago
not really. can be both way
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SaifurRahman PRO stevendave
a year ago
this is mor elike a symmetrical triangle so break out could be both way.
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tntsunrise TOP SaifurRahman
a year ago
correct
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stevendave tntsunrise
a year ago
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.
Reply
tntsunrise TOP stevendave
a year ago
Seems this tri-angle is not a failed one
Reply
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