jrebong

Triangle breakout after a false break

Long
FX:EURUSD   Euro / U.S. Dollar
There was a very sharp false breakout to the downside that happened and I thought for sure EURUSD will go down further.
However, this was followed by a move up to the previous range.

As far as theory goes, a false break will make the trend in the main direction stronger.

I soo wanted to go long here but problem is its already Fri and near closing time. I don't want to have a trade hanging over the weekend so I'm gonna have to pass but will monitor this first thing on Monday and see whether I can enter a trade.

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