Euro / U.S. DollarShort
Pennant on the EURUSD daily chart!
Updated
A few days ago, I thought the price sketched a rectangle. However, experts say it is a triangle and so I agree with them. My thoughts are that the triangle could make a fake breakout on the upside and then dip fiercely towards the lower bound and break it.
I think we will be out of the triangle in the very first days of January 2022.
I think we will be out of the triangle in the very first days of January 2022.
Note
Please support me with your thumbs up and comments!Trade active
Looks like the bears are trying to push the price to the lower bound of the triangle.Trade active
The price broke the upper bound of the triangle. Well, we could hope that is a fake breakout and the pattern is still intact.Trade active
The PA is very volatile, now that it is at the point of making a serious breakout.Trade active
Happy New Year :)Trade active
It looks like the price broke significantly the upper bound of the triangle on the very last day of the year. There is a tiny chance for the price to retest the upper bound, otherwise, it could continue going up by another 100 pips.
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