Easiest long trade of my life:

The pattern very strongly suggests a triangle. That means price is not allowed to drop below wave c (8515). If it does drop below that level, this analysis is invalid.

So I just put my Stop-Loss @ 8514. This brings the risk to reward ratio to at least 1:4. This could easily become a 1:20 trade as reactions after a triangle are often quite violent... This is a very good trade setup that I trade as often as I can.

Let's see how it goes. This will either be a small loss for me or a BIG WIN.

Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...

Have a nice day :-)

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