I rarely use anything less than the 15 minute. But since we have a really volatile market at the moment we can take some pips but you have to be fast.
I currently have a short from 143.2 and im looking for price to hit somewhere between 143 and 142.84. Im going to be trading the breakout of the triangle for about 35 pips in the breakout direction.
Chances are its going to be to the upside as is usually the case with descending triangles.
Comments
Saoldric
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i set my long SL @ 143.23 to BE and the target is set to 143.5......price is currently 143.39
Saoldric
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short was stopped out at BE, i have a small long on this trade right now, i decreased its size because it wasn't an optimal triangle i was looking for.