EURUSD – Daily Forex Technicals by ForexHound.com June 2nd

EURUSD is forming an expanding triangle on the 1 hour timeframe, this is often a reversal pattern and there is a specific way of taking profit from it. After spotting the 1, 2, 3 swings we can place a sell order at the #2 level with a price target at #1. EURUSD is forming an expanding triangle on the 1 hour timeframe, this is often a reversal pattern and there is a specific way of taking profit from it. After spotting the 1, 2, 3 swings we can place a sell order at the #2 level with a price target at #1. Stop should pe placed above the #4 level giving us a decent risk:reward ratio.

[NP][/NP]