EURUSD, symmetrical triangle

18 Jul 2018

A symmetrical triangle formed, signalling a continuation down, could be a good place to enter or add to the position. Powell speaking in 2.5 hours so trail your stops!

Happy Trading!

18 Jul 2018

Nota

18 Jul 2018

Nota

Trade entered

19 Jul 2018

Nota

19 Jul 2018

Nota

Yesterday there was a break in the symmetrical triangle. Meeting support just below the price action made a perfect retrace to 38.2%. Now support is break and currency strength shows dollar rallying. If you did not get in yesterday, this could be a good time with tight stop above the fib or whatever your risk management is. Potentially going to retest 1.15 area again. Set price alert and lock in profits half way down. Additionally gold keeps breaking lower, now broke below 1220.