wd1040
Long

On breakout of 1.1300, EURUSD is going back.

FX:EURUSD   Euro Fx/U.S. Dollar
280 0 2
On daily especially, the EURUSD             is being squeezed into a triangle (basically symmetric too). Thus, it is good practice to wait for a breakout for a clearer direction. I have a long bias, as MAs are being crushed flat and under the price, indicating that the general previous trend is changing. Of course, if there is a large and conclusive break downwards, then this trade is invalidated.

Adding small longs at 1.1200 and 1.1250 (now) and will be pyramiding up again at the previous peaks at 1. 1400             and 1.1600. Targeting 1.2400, a previous congestion area.
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