Febuary 17 2021 EURUSD Breakout pullback/ Expanding Triangle
EURUSDPrices forming expanding triangle, possible support level near the neckline of a previous head and shoulders pattern.
Could form the right shoulder of a bigger head and shoulders pattern.
However prices are in a strong breakout down must manage trade carefully.
Trade active
Prices are ranging near entry price, will leave trade for swing, RIP sleep. Perhaps entered bullish trade too early.Trade closed: target reached
Partial Profits after first initial failed breakout. Doubled down on second breakout and reset stop and target into a more short ranged target. Took full profits at 1.2090~ resistance level.
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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.