This chart should really not need any description!
We might see some correction of the strong daily upward movement now and then, and rememver every trend moves in smaller swings.
As long as we stay within the ascending triangle I am long on this instrument with an s/l around 1245.
We're quite close to the end of the triangle, so a breakout should perhaps happen quite soon (perhaps next Monday).
There is of course a good setup to go short as well if we have a breakout the other way against typical ascending triangles.
Let me know if you've any thoughts:)
Check out my live account results as well on
www.myfxbook.com/por...arpinvesting/1553534
.
As long as we stay within the ascending triangle I am long on this instrument with an s/l around 1245.
We're quite close to the end of the triangle, so a breakout should perhaps happen quite soon (perhaps next Monday).
There is of course a good setup to go short as well if we have a breakout the other way against typical ascending triangles.
Let me know if you've any thoughts:)
Check out my live account results as well on
www.myfxbook.com/por...arpinvesting/1553534
.