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.
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IceTrading IvanLabrie
Why the Gap down?
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IvanLabrie PRO IceTrading
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
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IvanLabrie PRO IvanLabrie
http://www.federalreserve.gov/newsevents/speech/fischer20150829a.htm
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IvanLabrie PRO IvanLabrie
snapshot
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locolyric IvanLabrie
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.
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IceTrading IvanLabrie
Thanks for sharing Ivan. I will be trading with extreme caution!
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mr_d4 IvanLabrie
Which second Black Monday - Sunday Indices don't seem to be supporting any danger?
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I THINK OPOSITE
snapshot
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Nice analysis. Certainly a possible outcome!
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I have the same ending price target
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I'd wait for a confirmation before going long.
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EURUSD on the daily chart pattern is not completed to 1.0800
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The Dollar will appreciate vs. the Euro. This is not based on TA but hard fundamentals already "baked in".
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IceTrading Davblitz
You may be right but I trade based on the charts. Fundamentals are generally more long term observations
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A very broad statement, not tradeable information.
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IceTrading IvanLabrie
Exactly Ivan
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IvanLabrie PRO IceTrading
I see these kind of comments a lot, or the anecdotical charts...no use to me.
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IvanLabrie PRO IvanLabrie
this*
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so can i go for long
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IceTrading niftydaylevel
My analysis is not a trading signal. If you think it is a good opportunity to take then by all means go ahead
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Nice
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Thank you
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but dont forget the old trend ( the down red line ) when it break 1.1160 it will drop to 1.0980
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might do down
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You might be right
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https://www.tradingview.com/loading/
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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 Sugito_Laras
Thank you very much I appreciate that
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