UPDATE
Just a few days ago we had a textbook Descending Triangle Pattern.
If using partial Take Profits (TP1 at triangle height, TP2 is trailing stop loss with MA50), the 2nd position would still be running on this pair and adding another short would be questionable (depending on your trading plan, position size, currency exposure acceptance)
Currently we are active in a Bearish Symmentrical Triangle.
Just a few days ago we had a textbook Descending Triangle Pattern.
If using partial Take Profits (TP1 at triangle height, TP2 is trailing stop loss with MA50), the 2nd position would still be running on this pair and adding another short would be questionable (depending on your trading plan, position size, currency exposure acceptance)
Currently we are active in a Bearish Symmentrical Triangle.
- TP at triangle height.
- SL above last swing high.