A nice Triangle formed this Tuesday.
Its a 3 day-Triangle though and for the breaks to happen upwards or downwards the EURUSD needs a good push.
Nevertheless, just like all cases the Stops are the ones that matter here after the breaks. As depicted by the arrows:
1.1850 is the downward first expected stop. The upward stop is expected to be at 1.19000.
For non-conservatives, trades can be kept until the green lines if you want to take more risk.
Its a 3 day-Triangle though and for the breaks to happen upwards or downwards the EURUSD needs a good push.
Nevertheless, just like all cases the Stops are the ones that matter here after the breaks. As depicted by the arrows:
1.1850 is the downward first expected stop. The upward stop is expected to be at 1.19000.
For non-conservatives, trades can be kept until the green lines if you want to take more risk.