A triangle is formed and a breakout is coming

Euro Fx/U.S. DollarFXCM

Description

⋅ Sep 3, 2018 2:10 PM

on the 15 mins chart , I found the chart responed nicely to two fibonicci and two trend lines ... the two trend lines are intersecting and a break out is expected soon ... please let me know your thoughts about the break out direction.

Comments

InvestingScope

⋅ Sep 3, 2018 4:46 PM

It is more likely a sideways trade, until either 1.15530 or 1.1730 break. Technically because of the 4H Channel Up in action, longs are more favored.

phol

⋅ Sep 3, 2018 2:31 PM

I'm going for Short Direction....here is why...