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Euro / U.S. Dollar
Long

EURUSD - Beginners Technical Chart

By Abdul_B
Updated
Symmetrical triangle. Expected Long.
Note
snapshot
Note
In Symmetrical triangle We place entry orders above the slope of the lower highs and below the slope of the higher lows. Since we already know that the price is going to break out, we can just hitch a ride in whatever direction the market moves.

In this case it went short now H&S is formed watch for the breakout...
Note
RSI. Gives indication that its going to be oversold... watch RSI before you enter
Note
if it is oversold buy....
Chart PatternsTriangle
Abdul_B

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