IceTrading
Long

EURUSD Triangle Pattern Hints A Potentially Huge Rally

FX:EURUSD   Euro Fx/U.S. Dollar
Would this ever be a Home Run of a trade if it played out! This Technical Analysis is based on a high quality symmetrical Triangle Pattern formation. This will be a trend continuation trade based on the ascending nature of the triangle, making it a safer trade than a trend reversal. Targets are stated in-chart. Stops would be placed approximately below the 1.115 level. Please Leave your thoughts, comments and a Like if my work helped you! Happy Trading!
I have a similar view but not the same path.
I think we might gap down first, and then rally.
+1 Reply
IceTrading PRO IvanLabrie
a year ago
Why the Gap down?
Reply
IvanLabrie PRO IceTrading
a year ago
Because of the Jackson Hole Symposium, potentially related to a 2nd 'Black Monday' situation that might happen based on my analysis.
https://www.kansascityfed.org/publications/research/escp/symposiums/escp-2015
http://www.investopedia.com/terms/j/jackson-hole-symposium.asp
+2 Reply
IvanLabrie PRO IvanLabrie
a year ago
http://www.federalreserve.gov/newsevents/speech/fischer20150829a.htm
+1 Reply
IvanLabrie PRO IvanLabrie
a year ago
snapshot
+2 Reply
locolyric IvanLabrie
a year ago
i draw a fibo extension in weekly chart and the support happens to fall in the area you mention. I predict the price will be spike up to 1.135xx before hitting your target area.
+1 Reply
IceTrading PRO IvanLabrie
a year ago
Thanks for sharing Ivan. I will be trading with extreme caution!
Reply
mr_d4 IvanLabrie
a year ago
Which second Black Monday - Sunday Indices don't seem to be supporting any danger?
+2 Reply
FXROB
a year ago
I THINK OPOSITE
snapshot
+1 Reply
IceTrading PRO FXROB
a year ago
Nice analysis. Certainly a possible outcome!
Reply
2Greedy
a year ago
I have the same ending price target
+1 Reply
marioavarela
a year ago
I'd wait for a confirmation before going long.
+1 Reply
albertos
a year ago
EURUSD on the daily chart pattern is not completed to 1.0800
+1 Reply
Davblitz PRO
a year ago
The Dollar will appreciate vs. the Euro. This is not based on TA but hard fundamentals already "baked in".
+1 Reply
IceTrading PRO Davblitz
a year ago
You may be right but I trade based on the charts. Fundamentals are generally more long term observations
+1 Reply
IvanLabrie PRO Davblitz
a year ago
A very broad statement, not tradeable information.
+1 Reply
IceTrading PRO IvanLabrie
a year ago
Exactly Ivan
Reply
IvanLabrie PRO IceTrading
a year ago
I see these kind of comments a lot, or the anecdotical charts...no use to me.
+1 Reply
IvanLabrie PRO IvanLabrie
a year ago
this*
+1 Reply
niftydaylevel
a year ago
so can i go for long
+1 Reply
IceTrading PRO niftydaylevel
a year ago
My analysis is not a trading signal. If you think it is a good opportunity to take then by all means go ahead
+1 Reply
Trilo
a year ago
Nice
+1 Reply
IceTrading PRO Trilo
a year ago
Thank you
Reply
qais
a year ago
but dont forget the old trend ( the down red line ) when it break 1.1160 it will drop to 1.0980
+1 Reply
qais
a year ago
might do down
+1 Reply
IceTrading PRO qais
a year ago
You might be right
+1 Reply
qais
a year ago
https://www.tradingview.com/loading/
Reply
Sugito_Laras
a year ago
just my opinion, Trade is about what you see, not what you want to see. I'm personally agree with IceTrading. Thanks Bro, best regards
+1 Reply
IceTrading PRO Sugito_Laras
a year ago
Thank you very much I appreciate that
Reply
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