piphunters
Short

EURUSD: Sell breakout

FX:EURUSD   Euro Fx/U.S. Dollar
1152 5 24
The pair is breaking out of a triangle corrective structure and a confirmed break is a short term sell opportunity.
Will be interesting to see how the trend line from the end of 2015 holds, reacts...
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you may be right with that triangular corrective structure but i still wonder why you do not draw your lines on the real longs and highs of the candles...
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that's subjective I guess, I use it for visual purpose only and disregard what seems not to be substantial to me in terms of the price action
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thanks very much, i think we were there also last friday but then all changed in the afternoon.
+1 Reply
yes, upside should be limited due to the weekly structural top.
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