EllaineEscueta

Structure Trading opportunity (longer term)

Short
FX:EURUSD   Euro / U.S. Dollar
EUR/USD if forming an ascending triangle formation. Often, this kind of formation continues to the downside. Risk is >100pips, but R:R is almost a 2:1. If you are not able to take >100pips, you can find another reason for entry on a lower TF (i.e. DT and Fibonacci) and use daily target as an extended target.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.