Good Morning Traders
EURUSD is trading currently inside a triangle pattern. There where two fake-outbreaks out the triangle formation in the past, but the price bounced back inside the triangle. I assume the next breakout on technical aspect, will bring i short-time LONG in EUR/USD with the 1st. Goal 1.1212 and the 2nd. Goal 1.1259 .
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Summarized
1st Goal = 1.1212 (TP1)
2nd Goal = 1.1259 (TP2)
SL: 1.1145
Have a nice Trading Week, Regards Prend
EURUSD is trading currently inside a triangle pattern. There where two fake-outbreaks out the triangle formation in the past, but the price bounced back inside the triangle. I assume the next breakout on technical aspect, will bring i short-time LONG in EUR/USD with the 1st. Goal 1.1212 and the 2nd. Goal 1.1259 .
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Summarized
- Short vs. Long (-5541 vs. 22'191) Extrem overpowered with Long-Positions in the Market
- RSI 46. so it's undersold (Good for Long)
1st Goal = 1.1212 (TP1)
2nd Goal = 1.1259 (TP2)
SL: 1.1145
Have a nice Trading Week, Regards Prend
Trade closed: target reached:
TP1 & TP 2 reached. Closing Idea.