"TRIANGLE !!! Short Now " by trader Daniel-Malik — published June 20, 2016

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Gold Spot / U.S. Dollar (FX:XAUUSD)

FX:XAUUSD Gold Spot / U.S. Dollar

TRIANGLE !!! Short Now

Comment: 100+ pips in pocket before brexit, Still waiting for the pull back

Can you explain why you were short when its a descending triangle?

alan_watch

Due to Lower high.. Triangle , Pennants and ranges ( ALL CONSOLIDATION PATTERNS ) does mean any specific direction , Because consolidation means that there is a tug of war between buyers and sellers , So price can go anywhere... P.s : This is my personal experience and opinion .

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