A break out of contracting triangle indicates this eurusd will try upside target again. My stop for this long positiin would be BELOW 1.00968 (low of 27 July), the lowest of lower trendline of the contracting triangle.
Manage your risk well. Min target is R:R 1:2. My personal taking profit area would be somewhere around 1.04-1.05.
Trade well and wisely.
Manage your risk well. Min target is R:R 1:2. My personal taking profit area would be somewhere around 1.04-1.05.
Trade well and wisely.