TRIANGLE !!! Short Now

FX:XAUUSD   Gold Spot / U.S. Dollar
154 2 12
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?
Daniel-Malik 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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