great call Custos .. thx again for the heads up..
a few things to take note is that, the 'BPC' after the triangle breakout didn't happened .. so that would also save us from entering the trade..
also, currently the 61.8 level + last resistance becoming support level is still holding .. and a smaller triangle has formed.. will continue watching this pair.
To Shomari , indicator can be useful too u know.. i use it for finding divergence exclusively.. good for entry confirmation since it is considered a "trap" for the indicator users ,which we could certainly benefit from.
It is also good as a warning signal to exit your position since it shows market momentum is decreasing. sometimes u can exit at the last swing of a big/small trend thus maximizing your gain..
a few things to take note is that, the 'BPC' after the triangle breakout didn't happened .. so that would also save us from entering the trade..
also, currently the 61.8 level + last resistance becoming support level is still holding .. and a smaller triangle has formed.. will continue watching this pair.
To Shomari , indicator can be useful too u know.. i use it for finding divergence exclusively.. good for entry confirmation since it is considered a "trap" for the indicator users ,which we could certainly benefit from.
It is also good as a warning signal to exit your position since it shows market momentum is decreasing. sometimes u can exit at the last swing of a big/small trend thus maximizing your gain..