Eur can be seen making lower and lower lows as it failed to clear the previous high. The fibonacci from the previous higher low to the lower low retests at the 0.5 level which is a strong continuation or reversal level, in this case a continuation. The SL is just set near the recent lower low and the TP just about the same percentage as the max height of the triangle. I’d wait for a retest after breakout from the triangle and we’ll see how that goes. Happy trading!
Kommentera:
Profit!