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InsiderB
30. Sept. 2016 06:55

Eurusd : Ascending triangle ready for breakout ! 

Euro Fx/U.S. DollarFXCM

Beschreibung

Usually people use elliott's to predict direction of breakout, but that also fails sometimes. Lets stick to simple things, so on the breakout direction we can initiate positions in EURUSD with proper stops. Be quick to reverse if false breakout happens even after valid close below/above trendlines.

The beauty of triangles are they give big moves and they recover losses in false breakout in the other direction if proper trade techniques are employed.

Note : The measurement of triangle targets was mistake, it got extended while using mouse, As I don't want to edit chart after posting,Please redraw that correctly n fix your targets.


Happy Trading !

Kommentar

Spot on winner !
Kommentare
MANOLIS
Great info, my friend..!!!!!!!!
InsiderB
Thanks for the comment friend !
MANOLIS
Nice spot.. My friend what do u think at this time?
InsiderB
Now we got descending triangle friend.. check it out, Am waiting for breakout !
MANOLIS
Waiting for breakout Toooooo !!!!!!!!!!!!
MANOLIS
My friend do u have an idea for this NFP on this Friday?
InsiderB
No idea friend, I m really bad at guessing game !
MANOLIS
Lol. I got you.!!!!
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