ClearEdgeFX
Short

EURUSD - BEAUTIFUL PIN BAR TRENDLINE REJECTION + TRIANGLE

FX:EURUSD   Euro Fx/U.S. Dollar
286 2 5
This looks like a solid set up on EURUSD             daily with a number of possible scenarios that one could take advantage of. Firstly, this is probably a good time to go short with a SL at 1.1330 and target of 1.1100. Secondly, one could wait to see if the price will reach the bottom side of the triangle instead of taking the short pin bar set up. If it does then it'll either bounce back or it'll further break down. Thirdly, if the first scenario (ie. pin bar set up) doesn't pan out then it makes sense to go in reverse by taking the long position as the top trendline breaks around 1.1300. Either way, with all the stuff that's happening in the news we should see some good volatility with this pair and thus lots of trading opportunities.
your analysis is clear and effective, appreciate it very much, please keep up the work
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ClearEdgeFX whtangsam
Thank you very much for your kind comment. We certainly intend to post more of our analysis and are delighted to hear that it is appreciated by our followers.
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