EURUSD - Breakout from symetrical triangle above 1.2940
EURUSD - Breakout from symmetrical triangle
Reasons supporting the trade:
Symmetrical triangle
A daily trendline that seem to have buyer support at 1.2925 (see chart below)
Monthly S2 at 1.2921
Yesterday's inside day breakout above 1.2940 (stop for the trade at yesterday's inside day low)
Target is "normal" triangle projection.
Now, let's have the market make his move...
Reasons supporting the trade:
Symmetrical triangle
A daily trendline that seem to have buyer support at 1.2925 (see chart below)
Monthly S2 at 1.2921
Yesterday's inside day breakout above 1.2940 (stop for the trade at yesterday's inside day low)
Target is "normal" triangle projection.
Now, let's have the market make his move...
Trading success is not going to be entering winning trades, but how you exit your losing trades.