AUDUSD SHORT
Price Action Training
Cap pattern
1. The price goes up with a strong momentum.
2. After the traders save some profit, the price goes back a little and forms a base.
3. Then the price goes up again and forms a rally.
4. The fourth stage is the base price.
5. Here the price has a rapid and rapid fall.
The important thing to note is that the first base should be engolfed.
Cap pattern
1. The price goes up with a strong momentum.
2. After the traders save some profit, the price goes back a little and forms a base.
3. Then the price goes up again and forms a rally.
4. The fourth stage is the base price.
5. Here the price has a rapid and rapid fall.
The important thing to note is that the first base should be engolfed.
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.