EUR/USD – Symmetrical Triangle Breakout & Bullish Continuation🔍 Overview
The EUR/USD pair has presented a classic and high-probability trading setup based on a symmetrical triangle formation, which recently experienced a bullish breakout. This pattern has formed after a period of compression and consolidation, creating a coiled spring scenario. Technical traders often watch for such breakouts as they signal the resumption of momentum with clear entry, stop-loss, and target zones.
This chart combines pattern recognition, key price action levels, psychological curve mapping, and structured trade planning. Let’s dive deeper into each component.
🧱 1. Chart Structure and Pattern Analysis
🔷 Symmetrical Triangle Formation
A symmetrical triangle is a continuation pattern formed when price action contracts between two converging trendlines.
This represents market indecision — both buyers and sellers are cautious, gradually narrowing the price range.
In this setup, the triangle has been forming since May 11, 2025, with a visible tightening of price action.
The chart shows well-respected upper and lower trendlines, confirmed with multiple touches on both sides.
🔼 Breakout Confirmation
A breakout occurred from the triangle's upper boundary around May 19, with a strong bullish candle closing above the structure.
Breakouts from symmetrical triangles often lead to sharp movements due to built-up pressure during the consolidation phase.
The volume typically expands at breakout zones (although volume is not displayed, price behavior implies it).
🔁 Retesting Area
Price may revisit the broken trendline (previous resistance → now support) for a retest before continuing higher.
This "retesting area" provides an ideal entry for those who missed the initial breakout.
Retests validate the breakout and confirm buyer strength.
🧱 2. Key Levels and Market Dynamics
🔻 Minor Resistance Zone (~1.13700–1.14100)
This zone has previously acted as a supply area where sellers pushed price down multiple times.
Price may hesitate or range within this area before breaking higher.
If bulls maintain control, breaking through this resistance zone will add confirmation to the bullish momentum.
📈 Target Projection: 1.14662
The target is derived by measuring the height of the triangle and projecting it from the breakout point.
It also aligns with a previous horizontal resistance level and psychological round number area.
This zone could act as a medium-term profit-taking level for swing traders.
🧠 3. Black Mind Curve – Market Psychology in Play
The "Black Mind Curve" is a representation of anticipated market sentiment and price flow.
It reflects a wave-like journey post-breakout — early breakout, pullback, bullish continuation, minor consolidation, and final push toward the target.
Such curves are used to forecast crowd behavior patterns, capturing how traders typically react post-breakout:
📌 Initial breakout ➜ Profit taking ➜ Retest ➜ Re-entry ➜ Final impulsive move.
🧮 4. Trading Strategy & Execution Plan
✅ Trade Setup
Entry:
Breakout Entry (already active)
OR Retest Entry near the triangle’s upper boundary for conservative traders.
Stop-Loss (SL) :
Placed just below the triangle’s lower boundary at 1.11726.
This level invalidates the breakout and prevents deeper drawdowns.
Take-Profit (TP):
Final target at 1.14662, offering excellent risk-to-reward potential.
📊 Risk-to-Reward Ratio:
Depending on the entry (breakout or retest), the RR can range from 1:2.5 to 1:3.5, which is ideal for swing or short-term position traders.
📚 5. Educational Insight
This pattern illustrates the importance of:
Price compression zones (triangles and wedges) as precursors to momentum trades.
Confirmation via breakout candles before entering high-conviction setups.
Patience during retests, which allow re-entries with defined risk and improved pricing.
Blending technical structure with psychological forecasting to stay aligned with market sentiment.
🔚 Conclusion
EUR/USD is showing a technically sound and psychologically supportive setup for bullish continuation. The symmetrical triangle has broken with strength, and price is heading toward key resistance with momentum.
If you're already long — consider holding until the target is hit or trailing stops to protect profits. If you're not in yet — watch for a retest to join the move with precision.
🔔 Always remember to manage risk effectively. No setup is guaranteed, but trading based on structure, confluence, and price behavior improves your edge
