timj
Short

EURUSD Regression Channel and Possible Triangle Breakout

FX:EURUSD   Euro / U.S. Dollar
56 0 1
Looking to see if this breakout happens.

  • We are in a downward regression channel
  • Looking for a breakout downward from the symmetrical triangle
  • Take profit at 61.8% level
  • Keep tight stop right above triangle bottom line to maximize risk / rewark ratio
Trade closed: stop reached: Breakout was above channel so trade was never active
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