Logic for trade: Triangle Pattern Formation
To trade the triangle pattern;
SELL👉 Upperline
BUY 👉 Near lower line
Stoploss 👉 outside lines
The triangle pattern is formed in 15min chart of #TRXUSDT . The triangle is still not broken. After the breakout, trade in the direction of Breakout/ Breakdown.
To trade after BREAKOUT/ Breakdown, target will be equal to the maximum hight of the triangle.
Breaking either of the triangle line at high trading volume will mark the breakout/breakdown of the triangle. Stoploss after breakout/ breakdown will be on the opposite side of the line broken.