Analysis on #EURUSD
Have been watching the
EURUSD
for a while, as you can see it is stuck in this range since the end of November and it is now formed a triangle pattern on the daily time frame.
the pattern usually breaks to the upside, as you can tell the market has been forming higher highs near the trend line support which indicates to me the interest in buying the
EURUSD
is there.
Plan:
>> if the market breaks and closes above the trend line resistance I will then drop a one-time frame and start looking for a trend continuation opportunity to get into buying trade.
>> If the market fails to break to the upside as predicted and in fact moves to the downside then this analysis is not valid anymore
________________________________________
Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
Have been watching the
EURUSD
for a while, as you can see it is stuck in this range since the end of November and it is now formed a triangle pattern on the daily time frame. the pattern usually breaks to the upside, as you can tell the market has been forming higher highs near the trend line support which indicates to me the interest in buying the
EURUSD
is there. Plan:
>> if the market breaks and closes above the trend line resistance I will then drop a one-time frame and start looking for a trend continuation opportunity to get into buying trade.
>> If the market fails to break to the upside as predicted and in fact moves to the downside then this analysis is not valid anymore
________________________________________
Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
