m-efe

SHORT EUR/USD

Short
FX:EURUSD   Euro / U.S. Dollar
- Ascending triangle = bearish and BREAKOUT
- bearish divergence = dying uptrend & breakout
FX:EURUSD
Trade closed: target reached

Comments

Yeah... Recent patterns mostly show the opposite what's expected. Watching it since 2 years and there are exceptions but those triangles are going with irregular breakouts mostly the other direction. 😅
+2 Reply
m-efe Bitcoinman387
@Bitcoinman387, not sure i think its gonna fall to major support area with the otential breakout of DXY
+1 Reply
m-efe Bitcoinman387
@Bitcoinman387, there was also a break out highlishting bearish activity
+1 Reply
Hi, usually when price has this type of formation it would be more bullish than bearish because it is forming higher lows and has continually tried to break above its previous highs. I'm anticipating price to break 1.23100 level.

However anything can happen in the markets.
+2 Reply
m-efe Lenguito_Forex
@Lenguito_Forex, Yh but in a ascdenging triangle pattern it has strong resistant and uasually breaks out and possible break out of DXY, but like you said you never know, good luck tho bro
+1 Reply
m-efe Lenguito_Forex
@Lenguito_Forex there was also a break out highlishting bearish activity
+1 Reply
@m-efe, There we have it haha, it faked out the highs and back in its range, price is playing around that level a lot! My bias will change depending on the daily close, it is looking bearish so i now may be with you. Many longs could be trapped now, trying to get involved in that fake breakout!
+2 Reply
m-efe Lenguito_Forex
@Lenguito_Forex yeah mate, now would be a great time to long as DXY hit resistance and is going down favouring Euro usd, good luck mate.
Reply
m-efe Lenguito_Forex
@Lenguito_Forex and on a break out always wait for a re test
Reply
Hmm
+2 Reply