Razvan

EURUSD - symmetrical triangle

FX:EURUSD   Euro / U.S. Dollar
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1
Quite hard to pick the best direction. A break outside the triangle might help more. Although i tend to go long with euro , i might be surprised. What do you think about this setup?

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To trade this type of triangle you have to wait until there is a break out of the triangle then you take a position to buy or sell..but you have to watch it and i choose not to stay up all night to place trades if they run during the night. I look for pairs that run in the New York Morning hours and I avoid those that trade in the midnight hours..... Thats my setup.
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Razvan exploration
hey...exploration, you are right, still i have the gmt+2 time zone, so the EURUSD usualy moves nice, because of the London stock exchange.
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breaking down, maybe
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should trace a fibonacci fan from 1.22956 pivot !
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Razvan 1010oo
if you trace it from there, it already broke the 61.8, as I saw it.
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1010oo Razvan
I made a mistake in fast counting waves ;) ..... trace it from 1.22396 pivot and see Doji in 4h .... but should still wait for a while
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