EURUSD - AS WE KNOW BEEN TRADING IN RANGE LOOK FOR BREAK
Updated
Hi Traders, nothing new here - as all traders would know - FOMC as expected
EURUSD is on the cards fro a break along with GBPUSD as the brexit seems to move these pairs around lately.
Blue line is target 1
Asymmetrical triangle compression
Green obviously is the range of support we have seen not able to penetrate this level
If we go up then the price would look to break the 1.18000 which bulls have struggled to get past this level.
And we always know what takes months of bullish pressure can quite easily be given back in 1 month of bearish pressure.
Enjoy and wait for the signal then pull the trigger.
EURUSD is on the cards fro a break along with GBPUSD as the brexit seems to move these pairs around lately.
Blue line is target 1
Asymmetrical triangle compression
Green obviously is the range of support we have seen not able to penetrate this level
If we go up then the price would look to break the 1.18000 which bulls have struggled to get past this level.
And we always know what takes months of bullish pressure can quite easily be given back in 1 month of bearish pressure.
Enjoy and wait for the signal then pull the trigger.
Note
Amazing how it was right at the end of the triangle and by the time I published how quick price had dropped - testing the support line. Interesting indeed - when their ready to explode they just go.Note
We will be looking for more entries around this level if we get the slight rally - We have an initial entry marked in green with stop level Target 1 hit on this managed during the trade for +102
Keep a look out for another sell signal 1.16647 - again make sure to wait for your signal if this meets your rules - remember we cant be biased and just think price will keep falling - we need that signal - time, price, volume, momentum
Next target levels are marked in blue lines
Note
Hi Traders, as we know Brexit and others are driving these pairs down. Along with some strong selling pressure. How ever you manage to enter and take profits is entirely up to your style or strategy - here are some levels marked and I will continue to remain bullish for quite some time. Banked some nice targets already with a slight consolidation period on another run and will just keep actively managing during the trades. Note
Closed out the last position - rinse repeat. No point mentioning how many sequence trades were in there. As we know its not about boasting on your totals but more so - sharing efforts on trade risk management.
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