I think that this could play out well.
Not much to discuss here. Catch the break out. This could go both way.
Couple of scenarios for you to play with:
1. If the bottom of the triangle will hold strongly, then it will become good support, from which the pair can bounce off. If you will enter that, once your in profit, then I strongly recommend to place your SL just slightly above your entry price, in order to protect yourself in case this turns around.
Aiming for the top side of the triangle. And then, if it closes above, LONG till further notice.
2. If the bottom side of the triangle will fail, then aiming for around 0.94378 .
As always, keep an eye on the price action!
Not much to discuss here. Catch the break out. This could go both way.
Couple of scenarios for you to play with:
1. If the bottom of the triangle will hold strongly, then it will become good support, from which the pair can bounce off. If you will enter that, once your in profit, then I strongly recommend to place your SL just slightly above your entry price, in order to protect yourself in case this turns around.
Aiming for the top side of the triangle. And then, if it closes above, LONG till further notice.
2. If the bottom side of the triangle will fail, then aiming for around 0.94378 .
As always, keep an eye on the price action!