is quite evident that something will have to give. Also, please give this strategy a 5 star if you enjoyed it! If you go back in your charts and draw some of these you will find that when this break occurs more often than not the break happens fast and it is usually very powerful. ( 3 votes, average:.67 out of 5) Loading. You will see lower highs and higher lows. This strategy can be traded on any time frame. Exit/ Stop Loss When you start to see the price consolidating than that would a great place to exit the trade: As you can see, that is what happened here so we would exit this trade for a 89 pip winner. If you are having trouble with this concept simple look at the examples above for clarification.
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If its an hourly timeframe, it may not break until the next day. Let us know what you think of best automated binary trading this strategy. Descending Triangle: These triangles are similiar to an ascending triangle, however, they are the opposite of them. Think of it as a tug of war that is going on between the buyers and sellers. Thank you for reading!