EUR/GBP - within symmetrical triangle - buy the breakout
-market price moving currently within symmetrical triangle
-wait for breakout and confirmation before entering this trade
-confirmation = daily candle close above triangle line / this would implement fast up movement
-200 day moving average (red line) is not far away and important resistance as well, if this
red line break up and candle close above = bullish
-volume continues to go down slowly which is bullish indicator
-wait for breakout and confirmation before entering this trade
-confirmation = daily candle close above triangle line / this would implement fast up movement
-200 day moving average (red line) is not far away and important resistance as well, if this
red line break up and candle close above = bullish
-volume continues to go down slowly which is bullish indicator
Trade active
Comment:
move stop loss to entry
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
