Quite hard to pick the best direction. A break outside the triangle might help more. Although i tend to go long with euro , i might be surprised. What do you think about this setup?
To trade this type of triangle you have to wait until there is a break out of the triangle then you take a position to buy or sell..but you have to watch it and i choose not to stay up all night to place trades if they run during the night. I look for pairs that run in the New York Morning hours and I avoid those that trade in the midnight hours..... Thats my setup.