Trilo
Short

Bearish Ascending triangle. EURUSD

FX:EURUSD   Euro / U.S. Dollar
92 4 12
Bearish ascending triangle . Looking for a bearish trend continuation.

Thanks for looking!
Hi, bearish is possible but a breakout of an ascending triangle has more chance to be bullish I think..., at least according to what I have read about it.
Good luck!
Reply
Hi

Thanks for your comment.!! Yes I agree that tends to be the case however it can go both ways. There are bearish and bullish moves after ascending triangles. I expect a bearish move due to the bearish overall trend. I would only look to short it though after a bearish break of this triangle and a retest. It could also break upwards in which case you could look to go long.

Happy trading!!


+1 Reply
Looks like we had a bullish break. :)
Reply
KVE Trilo
We did, it was tradeable too, back down now for some more sideways movement... Expecting a bigger move in the coming days/week though, my view:
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