Thursday, October 18, 2012

EURUSD Triangle Break

I am watching this triangle since past few sessions and was expecting it to break to upside, and guess what, it did. Details [here] and [here].


After yesterday's bullish move, pair when straight thru the triangle's upper trendline and closed above it. Now the upper trendline should hold on nay pullbacks. 
myfxvoyage.blogspot.com EURUSD Long Trade
EURUSD H1



My strategy is to go long on any pullback towards the trendline. Stop will be on a break & close below triangle's lower trendline.




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