The triangle is an often elusive price structure that most traders do not notice until its too late! In this video, I take you through the first stages of a triangle or sideways market price action in order to better prepare you for the incoming chop. The better you are at identifying when a market is susceptible to sideways price action, the easier it will be to adapt your trading for it. Trend following strategies often get beaten up in such scenarios, so learning to identify choppy price action early will save you your hard earned pips in the long run!
EUR/USD – Daily Triangle Structure 9.12.2016
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