EURUSD 1H Bullish Triangle Breakout!

FX:EURUSD   Euro / U.S. Dollar
Symmetrical triangle trendline broken to the upside and we now have a small pullback/flag where I have gone long in hopes of a continuation move.

More conservative traders can wait for the flag line to break.
Good risk reward on this trade.
Comment: Added to my position at the trendline bounce at 1.220 and stopped out overnight at 1.270 for an average of + 40 pips. I always move my target closer overnight when I will be unable to monitor the trade, usually to previous structure high. (1.270)
Comment: I took a short position here around the same time I shorted GBPUSD (seperate post), mostly because of the giant rejection wick candle. That short was just closed for +90 pips
well played
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out