Textbook triangle breakout! Bears failed to break to the triangle to the downside, Bulls are now dominating this market midterm. Note the 50,100 and 200 DMA's are all tight together, big move probably coming. Wait for a small retrace towards 60.00 and a bull bar put a Stop at 57.50 Buy and keep it in your portfolio. Target 70 and potentially 80. Keep it simple...
Launching next targets for 58, 62, 65 EUR. But this would mean European stocks in common remain in the middle of their bear market. (Maybe this was uploaded twice)
But this would mean European stocks in common still remain in the middle of a bear market.
Alternative trade idea if EURUSD doesn't breakdown from here and continues to be a faggot. Watch this space as I will be posting more ideas to support this view and I will also be frequently posting small short-term entry opportunities and possible scalp trades whilst the bigger trade unfolds. I provide signals service for free . Just go and follow...