Long
descending channel break out to the upside
Updated
There are multiple ways you can trade descending triangles. Now, each method will require a different trading style and preference, so you will need to see if one or any of these approaches work for your trading style.
Breakout to the Upside
A breakout to the upside means there is a possible shift from a bearish sentiment to bullish. This strategy will have you buying the break above the channel. It’s recommended that buying into this break should occur after multiple tests of the upper channel line. This will be what we are doing.
Breakout to the Upside
A breakout to the upside means there is a possible shift from a bearish sentiment to bullish. This strategy will have you buying the break above the channel. It’s recommended that buying into this break should occur after multiple tests of the upper channel line. This will be what we are doing.
Trade closed manually
gmx have had a move upward but do to this chart being remove by TV trade will be considered closed thx guys...
Note
ive since reentered gmx. may post an actuall idea later but 22-25$ is an absolute steal for gmx guys..
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