If price breaks the lower trendline of the triangle, it will offer us a high probability short setup. A RSI divergence is a good sign that this breakout is about to happen.
Stoploss and profit targets as shown at the chart. If price reaches the first target we move stoploss at the second one to breakeven.
Regards,
John
Stoploss and profit targets as shown at the chart. If price reaches the first target we move stoploss at the second one to breakeven.
Regards,
John
Trade active:
Most likely price will make a little correction before going down..
Trade closed: target reached:
We now move stoploss to breakeven at second position
Trade closed: target reached:
Very nice result to this setup.. Both targets reached with second position giving us a very nice 2.8:1 r/r
