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salsapete

Euro Triangle Short

Short
Euro / U.S. Dollar (FX:EURUSD)  
salsapete  
FX:EURUSD   Euro / U.S. Dollar
Chart Patterns
6
3
chartpattern
Euro has been within a triangle consolidation between R1 and S1 monthly pivot.

Price has moved back towards recent horizontal resistance. Considering price to be further contained

1. Enter short - 1.0965

2. Target - 1.0775 ( monthly S1 pivot)

3. Stop - above resistance zone just above 1.10

4. RR = 5

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