DIAMONDS patterns are classificated as reversal and continuous patterns.
AUDUSD examples a Diamond Top reversal pattern on its hourly chart.
The Price is currently trading below
Breakout: 0.70794.
Diamonds Patterns are very reliable and provide an excellent targets criterias
Entries: Trade below the Breakout: 0.70794.(execute with a confirmed Trend)
Stops: above the highrs previous to the breakout ST: 0.71037.
Targets:
62% 0.70405
127%: 0.69991
162%: 0.69773
AUDUSD examples a Diamond Top reversal pattern on its hourly chart.
The Price is currently trading below
Breakout: 0.70794.
Diamonds Patterns are very reliable and provide an excellent targets criterias
Entries: Trade below the Breakout: 0.70794.(execute with a confirmed Trend)
Stops: above the highrs previous to the breakout ST: 0.71037.
Targets:
62% 0.70405
127%: 0.69991
162%: 0.69773
Note
Note
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.
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.