The working with triangle is awesome technique to know the breakout and trade the right way , better for day traders. When the price breaks the triangle and moves out , it confirms the bullish move and the bull begins to run in upward direction. The price rising can be clearly observed and hence its better to take advantage of breakout trend. The AUDUSD pair with 5 minutes time frames , got this opportunity and hence the the move is respectable. The AC line is resistance line and BD line is support line.
The construction of triangle is important and one should know before the trading analysis
#OPINIONLEADER##AUD/USD##FX##trading##investment#.

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

Leave Your Message Now