MarxBabu

EURUSD Pattern,Channel,Triangles What to follow Up or Down?

FX:EURUSD   Euro / U.S. Dollar
As you all know ,my trading style is purely using two indicators that is called " LongBuyLongSellIndicator" & "Profit Maximizer" Plus using Trends,Channels ,Triangles & Price Action.

Taken 4H chart of EURUSD for two months ,Did analysis over the price move from low to high ,high to low ,this clearly follows Channels for forming Low and High than following the normal Flat Horizantal Support and Resistance level as --------------------------------- like this .


Take a look at this chart representation to understand the parallel channel .

What is now ?

After the big red candle bear sign shown ,Now EUR USD is forming the downtrend triangle shown in Red color.
Wait for the price to break either above or below the small red triangle to take a position ..










If price break below the triangle go for Short and the top triangle line is Stop loss level.
Price when breaks above levle go for long ,Stoploss is the lower point of the triangle .I am sure this will be huge rewarding setup.

Like ,Follow ,comment if you appreciate .

Let me meet you with another interesting idea in the next post.

Best Scripts LongBuyLongSellIndicator &ProfitMaximizer link https://bit.ly/2DJVXDn

Free Telegram Channel
https://bit.ly/2A9IcMd
Telegram me: @wealthworldmajic
https://www.wealthgeo.com
twitter :https://bit.ly/2AkmvYF
Is it possible to try out your indicators? The study looks interesting. I appreciate you sharing your your ideas.

BullywigTrader
Reply
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out