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Wednesday, January 27, 2016

Forex trading. Triangle patterns




I would like to share in my opinion classic situation there we can see clear triangle pattern. Ussually this pattern has trend continuation meaning. I presume that price will break the top triangle line and later will form a nice flat. I think today the price has strong upward move so i believe that price can go even higher than green top line very soon.

I have noticed also that volume bars increased and became green color. Good sign for increasing "buy power.

I have a few long order placed. I have really tight TP and SL levels but as you know already my trading actually is a sclalping so it is enough for me. Will see how it works.


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