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Abdul_B

EURUSD - Beginners Technical Chart

Long
Euro / U.S. Dollar (FX:EURUSD)  
Abdul_B Updated   
FX:EURUSD   Euro / U.S. Dollar
Chart Patterns Triangle
3
0
chartpattern triangle
Symmetrical triangle. Expected Long.
Comment:
Comment:
In Symmetrical triangle We place entry orders above the slope of the lower highs and below the slope of the higher lows. Since we already know that the price is going to break out, we can just hitch a ride in whatever direction the market moves.

In this case it went short now H&S is formed watch for the breakout...
Comment:
RSI. Gives indication that its going to be oversold... watch RSI before you enter
Comment:
if it is oversold buy....
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