EURUSD Triangle Breakout And Short Opportunity
Pair / Instrument: EURUSD
Time Frame: H4
The trend in the Timeframe: BEARISH
The trend in the Daily Chart: NEUTRAL
Description: A bearish triangle breakout. The possible breakout level is 1.16400
Trade Based On: Triangle Breakout
Entry: 1.16400 ( Wait for the breakout )
Stop Loss: 1.16900
Take Profit 1: 1.16100
Take Profit 2: 1.15750
Target of the formation: 1.15400
Update: TP2 Reached 65 Pips… Close 50% of the positions and move SL to entry.
You can follow the idea: EURUSD TRADE IDEA
Rules To Keep In Your Mind: Trade Safe. Money Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.
Subscribe to our premium packages if you would like to get 1000+ instruments analysis and trade signals of Chartreadreadepro.
You can contact us via Skype User Name: Chartreaderpro
DISCLAIMER: This is a technical analysis study, not an 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