Falling Triangle
Updated
Very easy bearish triangle. Falling trend line held at 1.3600 and 1.13100 while a horizontal support line held at 1.11280 more than once which validates the bearish triangle. It is more likely that the descending resistance trend line will hold at 1.12700 because stochastic are overbought (moving averages crossed over) but nonetheless, if you are planning to go short, manage your risks accordingly
MOST LIKELY SCENARIO
Sell @ 1.2200
S/L @ 1.2831
T/P @ 1.1140
MOST LIKELY SCENARIO
Sell @ 1.2200
S/L @ 1.2831
T/P @ 1.1140
Comment
Triggered 1.22 and looking good so far.Trade closed: target reached
Target Reached. Well done to guys who shorted this trade
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