Combining multiple chart patterns will help traders top identify high-quality trades.
EURUSD has been trading sideways for the last 2 months and eventually formed a symmetrical triangle.
We can see that the symmetrical triangle is coming close to an end thus a breakout is bound to happen sooner or later.
Just as price reaches the top of the symmetrical triangle again, a Gartley was seen completed at the same area.
Technical setup is all good, but nevertheless, always take precautious any upcoming important news or data, and this time we have the ECB press conference, definitely the most anticipated news for the euro.
EURUSD has been trading sideways for the last 2 months and eventually formed a symmetrical triangle.
We can see that the symmetrical triangle is coming close to an end thus a breakout is bound to happen sooner or later.
Just as price reaches the top of the symmetrical triangle again, a Gartley was seen completed at the same area.
Technical setup is all good, but nevertheless, always take precautious any upcoming important news or data, and this time we have the ECB press conference, definitely the most anticipated news for the euro.
Comment:
Reaches first level!
Trade closed: target reached:
How do you like that? A full volume of trend captured for the day!
The Dollar seems to be regaining its strength, but my trading style is to capture a wave at a time.
The Dollar seems to be regaining its strength, but my trading style is to capture a wave at a time.