InsiderB

EURUSD : Ready for Breakout ( Descending Triangle)

FX:EURUSD   Euro Fx/U.S. Dollar
Hi Guys,
Eurusd             is consolidating from day's open itself and the unusual calmness indicates a Storm is coming ? Probably a wild breakout in Eurusd             ? We have US (ISM) Manufacturing PMI data in 90 minutes, so markets have a reason to get volatile. These are the times we need to be careful while trading Triangle breakouts, bcos it will give false breakouts. As mentioned in charts stop-placement is vital, so check your plan and then trade.

Note : Last week also we had wild breakout in Eurusd             with triangle pattern , attached in related items.

Happy Trading !
Trade active: With tight stops... check your plan n trade guys !
Comment: Target 1 done, stops to breakeven
snapshot
+1 Reply
Good risk-reward setup, thanks for sharing !
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