We had descending-triangule formation, then breakout... Now, it is retesting. I consider that is a good idea to buy by spot right now. Target: 50, 100 or up to december 2025. 2% of your account is a good risk. Please, share your analysis below. See you, JB.-
A descending triangle is a bearish continuation pattern characterized by a series of lower highs (forming the upper trendline) and relatively equal lows (forming the horizontal support line). Traders often look for a breakdown below the support level as an indication of further downward movement. Traders SHOULD wait for a clear breakdown below the horizontal...
The daily chart is where we get the overall perspective of where the market might be headed and can influence how the market behaves from other timeframes. now in this case we see EURUSD creating a descending channel right? yes, and we should be looking for sells because the market is still channeled in between right? However, my chat is that we should look at...
TDC : TD sequential 8 daily. Descending wedge . Watch for breakout coming soon. Potential immediate targets on the chart. Trade safe.
Let's see if we get a break of this triangle to the downside to around the 30,000 mark and possibly even breaking it, getting a bit more of a healthy reset on the weekly, maybe even dipping back down to test the 21ema