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TkCha

EURUSD 4HR Ascending Triangle

Long
Euro / U.S. Dollar (FX:EURUSD)  
TkCha  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
3
0
trendanalysis chartpattern indicator
Here we see EURUSD is quite bullish. I will be watching this pair for a breakout to the upside from the ascending triangle. If you are planning on trading this idea as well, you should watch for the upside breakout and find a logical area for your SL. My first target will be 1.2600 and second target will be 1.2660 at approximately the top of the daily trend line resistance.

First Target: 1.2600
Second Target: 1.2660
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