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EURUSD Triangle Breakout And Short Opportunity Update: TP2 Reached

EURUSD Triangle Breakout And Short Opportunity

Published: 08-02-2018

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

Accuracy: %96

Trade: SHORT

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.

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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

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