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bil.papi19

Trade the breakout

Euro / U.S. Dollar (FX:EURUSD)  
bil.papi19 Updated   
FX:EURUSD   Euro / U.S. Dollar
Chart Patterns Trend Analysis
5
0
chartpattern trendanalysis
There are ascending triangle formed in EUR USD chart.
prepare for both breakout scenario;
Buy with TP1: 1.1750, TP2:1.1790.
Sell with TP1: 1.1620, TP2:1.1550
SL set according to your own risk management.

This is my first published idea, feedback is much appreciated.
Comment:
Yesterday the price is testing the resistance at 1.1720, making a double top (triple or quadruple top maybe), and making a sharp fall to 1.1660, validating ascending triangle's support.
Since its approximately 12 4H candle to the edge of triangle, I'm expecting the triangle to be broken today or tomorrow.
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