Possible formation of a symmetrical triangle.
For a reckless trader wait for the upside breakout of the triangle.
For a cautious trader wait for a retest or the break of the all time high (blue line).
In this case a Stop Loss would be just a bit below the EMA 50.
Target: let it run and move the SL to break even.
For a reckless trader wait for the upside breakout of the triangle.
For a cautious trader wait for a retest or the break of the all time high (blue line).
In this case a Stop Loss would be just a bit below the EMA 50.
Target: let it run and move the SL to break even.
SL is always needed.