Price didn't manage to break and close above the previous structure. Having said that, price is also currently consolidation in a triangle pattern. Breakout traders can wait and trade the breakout to the downside for a trend continuation ride.
I would love to hear your opinion, feel free to comment, agree or disagree.
Always wanted to connect, learn and help one another throughout your trading journey? Join our community for FREE at facebook.com/groups/fxpipsology/ The only thing you need to 'pay' is your commitment to trading and sharing!
i am training my Eye for these Patterns. The PriceAction is overlapping and moving slightly upward in a DownTrend. the conservative Entry would be at the Break of the TrendLine
KarYong
⋅
yup, it is a breakout trade and you only trade with price breakout of the consolidation area.