MyFxLife
Short

EURUSD - Pennant Pattern on 1H

FX:EURUSD   Euro/U.S. Dollar
61 0 7
Potential Pennant formed on eurusd             . Wait for breakout. Watch if candle closes under the support level and short.
For a safer trade wait for the pull back after the breakout and sell.
Stop loss goes above the last swing high
For Take Profit measure the height of the triangle
Trade closed: target reached: After the pullback price just reached the target
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