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EURUSD, symmetrical triangle

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A symmetrical triangle formed, signalling a continuation down, could be a good place to enter or add to the position. Powell speaking in 2.5 hours so trail your stops!

Happy Trading!

註釋

Trade entered

註釋

Yesterday there was a break in the symmetrical triangle. Meeting support just below the price action made a perfect retrace to 38.2%. Now support is break and currency strength shows dollar rallying. If you did not get in yesterday, this could be a good time with tight stop above the fib or whatever your risk management is. Potentially going to retest 1.15 area again. Set price alert and lock in profits half way down. Additionally gold keeps breaking lower, now broke below 1220.