InsiderB

Eurusd : Ascending triangle ready for breakout !

FX:EURUSD   Euro / U.S. Dollar
Usually people use elliott's to predict direction of breakout, but that also fails sometimes. Lets stick to simple things, so on the breakout direction we can initiate positions in EURUSD with proper stops. Be quick to reverse if false breakout happens even after valid close below/above trendlines .

The beauty of triangles are they give big moves and they recover losses in false breakout in the other direction if proper trade techniques are employed.

Note : The measurement of triangle targets was mistake, it got extended while using mouse, As I don't want to edit chart after posting,Please redraw that correctly n fix your targets.


Happy Trading !
Comment: Spot on winner !

Comments

Great info, my friend..!!!!!!!!
+1 Reply
InsiderB MANOLIS
Thanks for the comment friend !
Reply
Nice spot.. My friend what do u think at this time?
Reply
InsiderB MANOLIS
Now we got descending triangle friend.. check it out, Am waiting for breakout !
Reply
MANOLIS InsiderB
Waiting for breakout Toooooo !!!!!!!!!!!!
Reply
MANOLIS MANOLIS
My friend do u have an idea for this NFP on this Friday?
Reply
InsiderB MANOLIS
No idea friend, I m really bad at guessing game !
Reply
MANOLIS InsiderB
Lol. I got you.!!!!
+1 Reply
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