On the EURUSD daily chart, we can see that the pair is in the possible triangle formation touching the median line of the Pitchfork channel. This could be a reversal triangle if we don’t see a break above the 1.2450 level. Below the 1.2400 level look for a deeper pullback into the 1.2100 level.
Note: look only for the short trade entries for now with the SL above 1.2500 level.
Prop-trading! The new group is starting on February the 5th! Questions via skype: quinotaur.fx
Now with our Annual membership new features! Portfolio doctor and trading sessions only twice a week! We will help you to trade cryptocurrencies!
JOIN US
Happy trading! (click on the chart to enlarge it)
Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. If you want to learn all about it and become a professional Trader, sign up now we are accepting Bitcoins!