Hi Traders!
Our bearish channel on EURUSD has now turned to a triangle setup and we are now looking for a breakout to see if there is a clear direction to continue in.
We are slowly approaching a 3 week low (on April 17th) around 1.09085. We expect support around this level. To approach this level, it is important to have a momentum breakout of the triangle formation. If there is no bearish momentum behind this, then we are likely to go back into the range.
Please like, comment and follow to support us. We really appreciate it.
BluetonaFX
Our bearish channel on EURUSD has now turned to a triangle setup and we are now looking for a breakout to see if there is a clear direction to continue in.
We are slowly approaching a 3 week low (on April 17th) around 1.09085. We expect support around this level. To approach this level, it is important to have a momentum breakout of the triangle formation. If there is no bearish momentum behind this, then we are likely to go back into the range.
Please like, comment and follow to support us. We really appreciate it.
BluetonaFX
Trade closed: target reached
Breakout and Close of Triangle to the downside.April 17th 2022 Support Level of 1.09085 reached
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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.