DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Wanted to share this small short I had today that hit TP real quick.
Why did I take it? There seemed to be some resistance at the 1.01449 that the price was just not braking, but it was making higher lows, forming a nice ascending triangle. Perhaps my entry was not the best one, should have waited a little bit more for the price to reject the resistance again. But the plan played out well ant recovered losses from last week. I have noticed that Ascending Triangles work for me a lot lately. This is not the first time I've spotted one this month and profited from it. As always gonna keep an eye out on this pair, as it is one of the three pairs that I trade.
Wanted to share this small short I had today that hit TP real quick.
Why did I take it? There seemed to be some resistance at the 1.01449 that the price was just not braking, but it was making higher lows, forming a nice ascending triangle. Perhaps my entry was not the best one, should have waited a little bit more for the price to reject the resistance again. But the plan played out well ant recovered losses from last week. I have noticed that Ascending Triangles work for me a lot lately. This is not the first time I've spotted one this month and profited from it. As always gonna keep an eye out on this pair, as it is one of the three pairs that I trade.
