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| EURUSD H4 |
I am expecting it to break to upside. I plan to open long position near to lower trendline around 1.2850. Stop loss will be on a daily break and close of lower trendline and Moving average.
A Full Time Trader's Blog. The Forex and Commodities Trading with Technical and Fundamental Analysis
Monday, October 15, 2012
EURUSD Triangle Long Trade
EURUSD price action is forming a triangle on H4 chart.
Currently,
a triangle setup is forming on EURUSD H4 chart. Price bounced right
from 200MA. This area is also the lower trendline of triangle. I am expecting this area to hold.
I am expecting it to break to upside. I plan to open long position near to lower trendline around 1.2850. Stop loss will be on a daily break and close of lower trendline and Moving average.
I am expecting it to break to upside. I plan to open long position near to lower trendline around 1.2850. Stop loss will be on a daily break and close of lower trendline and Moving average.
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