EURUSD 1H Bullish Triangle Breakout!
Updated
Symmetrical triangle trendline broken to the upside and we now have a small pullback/flag where I have gone long in hopes of a continuation move.
More conservative traders can wait for the flag line to break.
Good risk reward on this trade.
More conservative traders can wait for the flag line to break.
Good risk reward on this trade.
Note
Added to my position at the trendline bounce at 1.220 and stopped out overnight at 1.270 for an average of + 40 pips. I always move my target closer overnight when I will be unable to monitor the trade, usually to previous structure high. (1.270)Note
I took a short position here around the same time I shorted GBPUSD (seperate post), mostly because of the giant rejection wick candle. That short was just closed for +90 pips
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