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EURUSD H1 Chart Overview and Short Opportunity

EURUSD H1 Chart Overview and Short Opportunity

EURUSD is printing a triangle pattern on the H1 Chart. Short opportunity by the breakdown of the triangle.

Our Trade Setup:

Trade: Short

Entry: 1.13020

Stop: 1.13300

Target 1: 1.12900 / Reached

Target 2: 1.12780 / Reached

Target 3: 1.12600

Target 4: 1.12440

Ultimate Target of the pattern: 1.12080

Update: As seen on the below chart, Bullish White Swan at 1.1275-1.1272 is the first minor bullish pattern on the smaller charts. Breakout of 1.12700 would accelerate the bearish move.

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

EURUSD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

 

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