TRADE OF THE WEEK | Classic Triangle Breakout 💰
Updated
Hey traders,
Here is a great short rally that we caught with my Top-Down trading strategy this week.
The pair reached a major daily structure and formed a head and shoulders pattern on that on hourly.
Being stuck on the neckline for some time, the price formed a descending triangle formation.
Breakout of its horizontal support was the trigger to short.
With a consequent strong bearish wave, 500 pips of pure profit were made.
Great winner!!!
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Enjoy your weekend, traders!
Note
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