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Today, we want to chat about something that every trader encounters at some poinе - how to deal with losses. Losses can feel like a rollercoaster of emotions, but they nothing more than a natural part of trading and great learning opportunities.
In this email, we'll explore one strategy how to prevent losses:
In trading, symmetrical triangles are chart patterns indicating a consolidation period before a price breakout. Formed by two converging trendlines with sequentially lower peaks and higher troughs, these patterns may end with bearish or bullish breakouts.
Gold (H4)
You may open a position following the breakout direction when you receive a breakout
Unfortunately, sometimes there are fake breakdowns and the price returns to a triangle. In this case, there is nothing to do but close the deal with the loss and expect the following breakdown.
When the real breakout comes, you may follow the rupture direction and expect the asset to pass the same distance equal to the maximum height of the pattern.
The triangles may be found in all the timeframes.
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