Yeah... Recent patterns mostly show the opposite what's expected. Watching it since 2 years and there are exceptions but those triangles are going with irregular breakouts mostly the other direction. 😅
m-efe
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@SC_HA159, not sure i think its gonna fall to major support area with the otential breakout of DXY
m-efe
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@SC_HA159, there was also a break out highlishting bearish activity
Lenguito_Forex
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Hi, usually when price has this type of formation it would be more bullish than bearish because it is forming higher lows and has continually tried to break above its previous highs. I'm anticipating price to break 1.23100 level.
However anything can happen in the markets.
m-efe
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@Lenguito_Forex, Yh but in a ascdenging triangle pattern it has strong resistant and uasually breaks out and possible break out of DXY, but like you said you never know, good luck tho bro
m-efe
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@Lenguito_Forex there was also a break out highlishting bearish activity
Lenguito_Forex
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@m-efe, There we have it haha, it faked out the highs and back in its range, price is playing around that level a lot! My bias will change depending on the daily close, it is looking bearish so i now may be with you. Many longs could be trapped now, trying to get involved in that fake breakout!
m-efe
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@Lenguito_Forex yeah mate, now would be a great time to long as DXY hit resistance and is going down favouring Euro usd, good luck mate.
m-efe
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@Lenguito_Forex and on a break out always wait for a re test