EURUSD Probable Contracting triangle (Short)

FX:EURUSD   Euro / U.S. Dollar
491 6 12
Let see how this plays, Good Luck !
Disclaimer: This is only for informational purpose, people taking trades using this idea will be liable of their own loss
Trade active: Sorry folks for late update... entered short at 1.0858
Comment: Stop loss 1.09850
A few adjustments in the triangle but pattern is still valid..... price touching below trend line let see if it breaks down or not
Comment: Stop loss moved to 1.09700
Trade closed: stop reached: Sorry for the late update... Stop loss got hit on this trade
KayJay thulasi
Your welcome :)
good luck...
KayJay johan.verm
Thanks Johan :)
Yes i agree with you if this is wave to the upside then first wave of that 3rd wave should have taken the price close to 1.106(where wave 1 ended) i believe its heading to 1.056---1.058 to complete wave 2 then head up
Nice chart!
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