This pair seems to show a assending triangle which is a bilateral pattern. The currency can either shoot up or down as there is no clear indication. I usually keep my options open and open 2 after i see a breakout candle from the initial triagle.
** I'm a newbie trader and I welcome any feedback or comments on my analysis. Thank you in advance.
** I'm a newbie trader and I welcome any feedback or comments on my analysis. Thank you in advance.
Trade active:
Trade is active, I have moved the SL to entry so we can ride a risk free trade
Trade closed: stop reached:
Trade hit the stop loss at the entry level, I did not make a profit or loss on this trade.