Simmetrical triangle
Pros
Cons
Strategy
Buy on touch the uptrend with a close stop.
*For greater confidence on the trade, search for reversal patterns at 1h-4h like doble bottom/H&S, brakes of the downtrend in RSI and/or divergences
- Test the ascending trendline 5th time.
- Good P/L ratio
Cons
- Countertrend
Strategy
Buy on touch the uptrend with a close stop.
*For greater confidence on the trade, search for reversal patterns at 1h-4h like doble bottom/H&S, brakes of the downtrend in RSI and/or divergences
Trade closed: stop reached
Sometimes this happen.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.