EURUSD broke Triangle and now in a channel,wait for breakout...
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EURUSD
The price broke above potential Triangle pattern and started following a channel,if price breaks above the channel it could give us a nice Buy opportunity,but the only concern is that price broke below the trendline support and it could also trigger a down move,But as long as price stays above the Support the bias is Bullish,If price breaks below the support things could be very bearish for the pair..wait for price to breaks above the channel to look for Buy opportunity..
Bearish Scenario:
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to BUY..
Trade it with proper Sl..
In case,If price don't give any bullish signal then don't open trade and wait for another opportunity..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
EURUSD
The price broke above potential Triangle pattern and started following a channel,if price breaks above the channel it could give us a nice Buy opportunity,but the only concern is that price broke below the trendline support and it could also trigger a down move,But as long as price stays above the Support the bias is Bullish,If price breaks below the support things could be very bearish for the pair..wait for price to breaks above the channel to look for Buy opportunity..
Bearish Scenario:
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to BUY..
Trade it with proper Sl..
In case,If price don't give any bullish signal then don't open trade and wait for another opportunity..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.