EUR/GBP, stuck in a triangle Short

Euro Fx/British PoundFXCM

Description

⋅ Jun 8, 2021 10:20 AM

As it can be inferred from the chart, he price has managed to form a descending triangle. We are expecting the price to hit the descending trendline first, before dropping to the area plotted on the graph

Comments

AtlasTrades

⋅ Jun 8, 2021 11:08 AM

I love this method

Investroy

⋅ Jun 8, 2021 2:27 PM

@AtlasTrades we use it quite frequently, thank you!

Mihai_Iacob

⋅ Jun 8, 2021 10:22 AM

Good analysis!

Investroy

⋅ Jun 8, 2021 2:27 PM

@OptimoomFX thank you, buddy!

jazerbay

⋅ Jun 10, 2021 1:11 AM

Nice view here 🧙‍♂️📉📈