Razvan

EURUSD - Break Up, Or Break Down?

FX:EURUSD   Euro Fx/U.S. Dollar
A symmetrical triangle was drawn on the EURUSD             60 mins chart. At this point there is an equilibrium. The triangle (theoretically) signals a continuation of the previous trend, while fundamentals are still favoring a fall. I say it could be better to wait for a confirmation. An up break could trigger a rally to 1.3664 (first target), while a down break could signal a drop to 1.3540 or lower.
thanks for sharing i will be following it
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Razvan manijeh.kazemi.33
2 years ago
I am glad you like it.
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xnedja
2 years ago
1.3735 - I see it as a maximum, Razvan your opinion on this? Thx
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Razvan xnedja
2 years ago
Pretty far away your level. Keep it real, 1.37 is a strong barrier for the moment. :)
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xnedja Razvan
2 years ago
Thanks in advance ...
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Razvan xnedja
2 years ago
you are welcome :)
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lgiulian
2 years ago
Nice analysis as always Razvan. I personally don't trade symmetrical triangle but I'm interested about how you see the situation. Again this pair is at a very important level 1.3600. To me the triangle is just showing the market is OK with this level for now. The questions is: those who accumulate around this level, where will drive the price? :)
+1 Reply
Razvan lgiulian
2 years ago
At this point I don't have a clear idea. That it why I am also waiting for another signal: breakout/false breakout. This type of triangle is harder to trade, but it offers a very good base for a solid setup.
+1 Reply
rv
2 years ago
nice one, ty
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Razvan rv
2 years ago
:)
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sedi.fx
2 years ago
with positive suprise GBP's CPI ... i wonder we ll shorting sooner or later ...
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Sebastian.Biel
2 years ago
Up, theres nice fib confluention 0.5 ret fib and 1.272 right at 1.3749. We also didn't violete prev lows, thats my opinion.
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xnedja
2 years ago
I hope this was not a false breakout because I'm in sales mode ? :-/ Razvan good prediction, very important to me.
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Razvan xnedja
2 years ago
It was not, it has fallen enough to consider it a true breakout.
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hassaninahmad
2 years ago
Great chart, Thanks Razvan
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Razvan hassaninahmad
2 years ago
Thank you!
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Razvan
2 years ago
1.35 hit
+1 Reply
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