EURUSD Triangle Breakout Setup
The price is forming an ascending triangle pattern, with a strong resistance level at the top and a rising trendline acting as support. A potential breakdown from this structure could lead to a bearish move.
Key Levels:
📌 Resistance: 1.0580
📌 Support: 1.0440
Expected Scenario:
🔻 A rejection from resistance followed by a break of the trendline could trigger a drop towards 1.0400 and lower.
🔻 Watch for confirmation before entering short positions.
Trading Plan:
✅ Wait for a clear breakout below the trendline.
✅ Look for bearish retest before shorting.
✅ Stop-loss: Above recent highs.
✅ Target: 1.0400 & below.
📉 Bearish Bias unless price breaks above resistance.
Trade active
started 60Pips running ...Trade closed: target reached
120pipss running
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
My FREE Telegram Channel:
t.me/EaglePipsPro1
t.me/EaglePipsPro1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.