If the Triangle patterns breaks downwards, the decline may become quite catastrophic
Update: This one didn't pan out as expected. I spotted the bull div on the 4H only after publishing this and so that was ignorance on my part. Ideally, a dynamic stop-loss would be set on that purple trendline. A long position on the break of that would have made you a nice quick profit. I hope you all had a profitable Christmas and best wishes for the New Year....
only short positions. or complete closing of long dollar positions. false breakdown in this case will not matter.
EURUSD out of the triangle pattern 1.11.2014
Two scenarios. Back to the downward channel, or a continuation of the correction.
I was in BTC at 100 and I just re bought. I can feel it
DYX reached the upper trend line (the upper limit of the downward channel). Next week can change the trend.
EURUSD reached the upper trend line downward channel and returned to the weekend gap. Likely to retest the upper channel line. Failure likely lead to a test of the lower trend line, and its breaking result descent to the level of 1279 (fibo level)
since I doubt that I will ever see the queen at any of NZ's milk auctions, and also considering how it takes silver much longer to tarnish than it does for milk to go sour, I have to side with a continuance of the uptrend from the swing low on March 27th, to the July 11th close. after the ice cream melts, you are left with the silver spoon that you ate it with....
if wee have a breakout time to go long, also ECB cheap will make all markets bullish even if the money wont come into BTC the sentiment is there /moon