Buy if you will see impulse is forming over there. In case price break below than it will change the pattern than i will look for change in pattern. This trade setup is medium term trade setup fellows which mean it can take couple of weeks to be filled. if you are looking to buy than give enough time to your trade so that it can move into your favour rather than getting frustrated after triggering the trade..............!!!!!!!!!!!!!!! Good Luck fellows.
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Broken down pattern changed................!!!!!!!!!!!!!
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MR_P_TRADER
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the best!! big fan
Wave-Trader
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@boy_yob1, thanks mate
cemfx
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nice analysis mate, I also saw a buy opportunity on this pair so let's push this baby up shall we? :)
Wave-Trader
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@cemfx, it will take time mate its a longer term trade setup so be patient for next couple of weeks..............!!!!!!!!!!!!!!!!!!!!!!!!!
cemfx
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@Wave-Trader, that's no problem mate...got plenty of patience :D
Wave-Trader
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@cemfx, thats a very good thing mate. But you know many traders get frustrated after pulling the trigger and that is the main problem with the young traders...........!!!!!!!!!!!!!!!!!!!!!!!!!
miwiaus
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Ok, whats the difference in the structure mate?
Wave-Trader
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@miwiaus, top trend line is rising and bottom flat while in running flat pattern you will see top rising and bottom declining. A single triangle patter can form 4 different formations
miwiaus
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@Wave-Trader,thanks mate ... I always mix them up :-(