Hello guys!
Let's dive into the chart of eurusd!
If the bottom line of the triangle is broken with strong bearish momentum, it would confirm the breakdown. After the breakdown, the best approach is to wait for a pullback toward the broken support (now acting as resistance) and enter a short position on bearish rejection signals.
The target zone for the drop lies around 1.1200–1.1230, as highlighted in the blue support area on the chart.
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Plan:
Let's dive into the chart of eurusd!
If the bottom line of the triangle is broken with strong bearish momentum, it would confirm the breakdown. After the breakdown, the best approach is to wait for a pullback toward the broken support (now acting as resistance) and enter a short position on bearish rejection signals.
The target zone for the drop lies around 1.1200–1.1230, as highlighted in the blue support area on the chart.
____________________
Plan:
- Breakdown Confirmation: Wait for a clear break below the bottom line.
- Entry: Short on pullbacks toward the triangle's bottom after the breakdown.
- Target: 1.1200–1.1230 support zone.
- Invalidation: Breaking back above the top line of the triangle would invalidate the setup.
Note
It touched the bottom line, but it is not broken yet!Transaction en cours
The long position was activated here due to breaking up!
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🟢 Telegram channel: t.me/melikatrader94
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avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.