EURAUD WITH DESCENDING TRIANGLE FORMATIONHello Guys
We can see that EURAUD has Formed A DESCENDING TRIANGLE PATTERN in D1 Chart, which has m can be taken trade on either side based on the breakout, we are predicting that it’s gonna Go Up for a Buy trade, but in the end everything is depending on the Breakout , u can pocket 500 pips easily on this trade, hope you guys liked my analysis
Than You
All The Best Traders
Trianglebreak
[Positional] PVR nested inside barsWait for a candle to close outside the triangle on long or short side and next day, buy when that particular candle is broken.
Target and SL will be posted when trade triggers
EURUSD, MAY IT UP OR DOWN ? Euro against Dollar seems to take off by the bulls in the first week of May , Last month of April the price was almost moved in sideways and its top and bottom not exceed or decreased .. month high were 1.09 and month bottom were 1.076..
New month expects the pair breaks out of this area and may touches the old resistance stays over the years at 1.14
a symetrical triangle pattern possible of breakout A symetrical triangle pattern indicates a possibility of breakout, since its mostly on the favour of major trend hence chances are you would get a downward trend if breakout happens and on the upside if there is any possitive news or fii and dii holding more long postion may result in some upmove