EURUSD Triangle Pattern Breakout Possible 80%-110% Profit Trade
Hey Guys ,
here is a other trading opinion from myself.
Overview
As you can see in the chart we are actually performing in a triangle pattern. The candles are 30min Candles and they already bounced twice on the Top and Botom line in our triangle pattern. So we can say we have a good pattern. The Purple - - - is the general Trendline wich goes back to 11.01.2018 on the bottom and 02.01.2018 on the Top. In the next 22 hours we will defenitly have a breakout. We will see if we have a trend continuation breakout or a trend reversal breakout. That means we have two possible targets depending on the trade we take ( long or short ) the targets are around 80-110% profit with a x100
So what we gonna do now ?
In fact that we will have a breakout i am going to set two alerts on this chart. One on the Top Triangle Line and one on the Bottom. If we cross one of these lines we will wait for a conformation candle. that means we need to finish at least one whole candle above or below the Line.
So i have the alerts set on a sms notification and i will update you guys as soon we gonna enter the trade.
Let me know your thoughs ;)
good trading
here is a other trading opinion from myself.
Overview
As you can see in the chart we are actually performing in a triangle pattern. The candles are 30min Candles and they already bounced twice on the Top and Botom line in our triangle pattern. So we can say we have a good pattern. The Purple - - - is the general Trendline wich goes back to 11.01.2018 on the bottom and 02.01.2018 on the Top. In the next 22 hours we will defenitly have a breakout. We will see if we have a trend continuation breakout or a trend reversal breakout. That means we have two possible targets depending on the trade we take ( long or short ) the targets are around 80-110% profit with a x100
So what we gonna do now ?
In fact that we will have a breakout i am going to set two alerts on this chart. One on the Top Triangle Line and one on the Bottom. If we cross one of these lines we will wait for a conformation candle. that means we need to finish at least one whole candle above or below the Line.
So i have the alerts set on a sms notification and i will update you guys as soon we gonna enter the trade.
Let me know your thoughs ;)
good trading