I was watching this closely in case I drew the triangle ‘wrong’ (there is another way to interpret this triangle, but i do not like it)
Now however, EUR seems like it’s about to waterfall. At least, I can be certain now that whatever does happen, we have broken down out of the triangle - from both perspectives. So, the setup is now for sure bearish.
As with all these moves of late, keep in mind that technical analysis is more likely to be offset by external factors with little notice. I.e. the market is dangerous right now, be a smart trader
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Now however, EUR seems like it’s about to waterfall. At least, I can be certain now that whatever does happen, we have broken down out of the triangle - from both perspectives. So, the setup is now for sure bearish.
As with all these moves of late, keep in mind that technical analysis is more likely to be offset by external factors with little notice. I.e. the market is dangerous right now, be a smart trader