Disliked{quote} Hi Doerpn! Nice chart. In my analysis, I believe price has already made it to the first area of resistance and you're probably a bit late to be taking this trade. Here is my view: {image} I think the area you have marked out is decent. However the price action is quite small and I personally would not have taken this trade. In terms of how this price action signal has played out, I believe the it has already given what is to be expected by reaching the first area and now stalling which I have marked above). Will it break through? Who knows....Ignored
thanks for your comments. You`re right, there`s much traffic nearby. Still learning to be more patient and wait for better situations. Nethertheless I took this trade....if it turns back and leaves the triangle downside I`ll hedge the position by selling double lotsize. Still looking for the trading style that fits to me.
Have nice trades
Have a nice day