Hello everyone!

Once again, I found a triangle set up that broke out in the direction of the main trend and, as usual, it was a relatively stress-free trade (is there such a thing as stress-free trading?!?).

Anyway, this was a downward-slopping triangle based on last week’s tripple bottom at 1.5182. Moving Averages and trendlines were preasuring price to the downside and finally it proved too much for the poor little tripple bottom, which gave way in the first half of London session (my favorite trading shift). One of the things I love the most about breakouts is that when they finally ocur, they do so with momentum as market has been expecting it in anticipation. Entry orders are filled in and price swings away with euphoria. Moral of the story: +70 pips within 4 hours more less.

The trade walk-through is explained is detail in the video below