After a long period of the downtrend, EU is finally showing signs of retracement.
We now have an ascending triangle. let's see which direction it'll breakout and open long or short positions accordingly.
We now have an ascending triangle. let's see which direction it'll breakout and open long or short positions accordingly.
Note
Multiple failures to break the triangle to the upside. we've got a falling wedge in place, so short isn't a good option right now.
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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.