You took a short position when you break through a symmetrical triangle in a downtrend.
Then the position began its realization, becoming a profit deal, and the price was consolidated in the trade corridor, the continuation pattern - a rectangle.
Then the price as expected continued its downward direction having broken the borders of the rrectangle.
The target for a pennant breakout should be determined by the height of the pennant
In this example the height was 165 pips.
The price reached broke out and reached 161 pips.
Of course, it's not always perfect but it's close enough.
A similar example can be seen in last weeks pennant break out on EURUSD. However, on the EURUSD example, when price broke out it...
In the most recent BTCUSD dip I made a series of mistakes that put me in a slightly nervous position overall, but still generally favorable.
Over a series of trades I managed to find myself in a position with an average buy price of $7486.13. Trading profitably on the dips I reduced this average buy price to $7348.21.
Throughout this series of trades I had...