Major Support + Triangle break of EURUSD indicates price may head towards the following targets:
Target 1: 1.272 extension of previous low and high + coincides with pivot low/bottom touch of triangle
Target 2: 1.618 extension of previous low and high + coincides with pivot low/bottom touch of triangle
RSI indicates strong momentum heading down.
Risk/Reward 1:4
Target 1: 1.272 extension of previous low and high + coincides with pivot low/bottom touch of triangle
Target 2: 1.618 extension of previous low and high + coincides with pivot low/bottom touch of triangle
RSI indicates strong momentum heading down.
Risk/Reward 1:4
Note
Target 1 reached. Holding for Target 2.Note
Holding confirmed. Still in the profit. Target 2 approaching.Trade closed: target reached
Very good trade. 588 pip move in profit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.