jrfxtrader

EURUSD short at the trendline touch and triangle break

Short
jrfxtrader Updated   
FX:EURUSD   Euro / U.S. Dollar
EURUSD should be shorted if we see some volume increase in the triangle formation after downside breakthrough on 30M chart. Downwards trendline is nicely seeable at 4H chart. Lets wait and see what will happen after the breakthrough. If volume increase after breakthrough then go short with:
TP at: 1.0887, 1.0810
SL: at: 1.10373
Trade active:
Triangle formation hasn´t been broken down with significant volume but instead the 4H trendline was broken upwards with significant volume so. This can still be false breakout so lets see and wait. Currently still in watch mode for EURUSD short :-)
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.