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TFC Commodity Trading Forum

Re: Corn Repeating Cycle Is History Now *PIC*

One thing I notice concerning this particular triangle that I think is worthy of consideration just from a risk/reward ratio standpoint, is that if she breaks out to the upside it will bang into a serious cluster of horizontal resistance quicker than it will bang into 1st support if it should break to the downside. I don't like to trade breakouts or breakdowns from triangles because it's so risky and fraught with danger, but if somebody held a gun to my head and said I had to make a choice, i'd choose to trade a break to the downside just because it has a bigger reward potential.