EURUSD - Pennant Pattern on 1H
Potential Pennant formed on eurusd. Wait for breakout. Watch if candle closes under the support level and short.
For a safer trade wait for the pull back after the breakout and sell.
Stop loss goes above the last swing high
For Take Profit measure the height of the triangle
For a safer trade wait for the pull back after the breakout and sell.
Stop loss goes above the last swing high
For Take Profit measure the height of the triangle
Trade closed: target reached
After the pullback price just reached the target
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.