After breaking out of the trendline, expecting the market to collect orders in the next Supply Zone before continuing bearish pattern. Chart has formed an ascending triangle, and there’s two possible breakouts of the triangle as shown above.
Green Box : Supply Zone Orange Box : Demand Zone White box : SBR Zone
Trade closed manually
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As expected the market push through the ascending triangle, but just barely managed 40pips and did not make it to my supply zone. Hit BE on my trade. Will be reviewing this trade deeply in my trading journal.