Cherry94

Descending triangle

Short
Cherry94 Updated   
FX:EURSEK   Euro / Swedish Krona
Getting in before the breakout of the descending triangle, the reason I get in before the actual breakout is to preserve the risk/reward ratio 1:3 by keeping stop loss at technically appropriate place. Stop loss is above last local high. Profit target is based upon the low on June 14th.
Trade closed manually:
As it's consolidating on H1, I decided to re-enter at the breakout of the triangle on H1.
Trade active:
reentered at the breakout of the triangle on H1
Trade closed: stop reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.