This is a triangle chart pattern as you know that and in this case mainly three type of situation will be form. Today we explain how to manage any situation in any case so ready carefully.

May be breakout in upper side. If breakout in upper side then may be a big moment in upper side other wise may be fall market suddenly so we have to do our first work is patience that means keep patience forever in any situation. If breakout in upper side then wait for more than two candle because our may price action is that don’t buy or sell in direct breakout or breakdown. If two candle is form and candle color is green then measure our stop loss if our stop loss in our range then we can trade in buy side. If this condition is not form then don’t trade without any type of strategy. This way go of our case no.1 .

May be breakdown in lower side. If breakdown in lower side then may be a big moment is lower side otherwise This is a trap then how to take our decision and identify our trap. First to first if breakdown in lower side then we need more than two candle after breakdown then two candle is form If both candle color are red then measure our stop loss if our stop lose is our range then we can trade in sell side. This way we can trade on our case no.3 .

May be neither breakout not breakdown then how to handle our situation? In this case if breakout or breakdown is not form that means our market is sideways then don’t trade the answer is simple but in live market our situation is very difficult. First to first we need to identify our situation after then we take decision. This way we can skip our loss and false breakout or breakdown.

In your trading journey your practice is more important. You read more strategy and more pattern and read more books daily but please focus you only one strategy but you have must knowledge of any type of pattern and any type of situation and one more thing. If you want to improve you trading knowledge then you  can follow me read daily our post. This way you can improve you trading journey.