Ferrowolf's Den of Trading

Still building my humble Den, so please bear with me, it'll be done soon! =)

EURUSD Sym triangle broke!

Well, as mentioned in my previous post, I was watching for the EURUSD triangle to break, preferably to the upside.
Unfortunately, I had to leave my house for most of the day after lunch and so I totally missed the whole EURUSD move.. Just got back to see the chart attached.
Very similar move on the GBPUSD as well, I’m a little upset about not catching either one..
It turned out to be a breakout-consolidation-continuation pattern afterall.
A very strong 180 pip move to the upside for the EURUSD,
and a 220 pip move on the GBPUSD.

EURUSD triangle break 8th Sept

September 8, 2009 Posted by | Uncategorized | , , | Leave a Comment

EURUSD small symmetrical triangle spotted 8th Sept!

Spotted a small triangle on the EURUSD.
Formed since yesterday 7th Sept, with a max range of 40pips from the highest to lowest point of the triangle.
It could be part of a breakout - consolidation/pullback - continuation move.
I will be watching whichever way it goes, ideally since I’m short on the GBPJPY, I’d like to go long on the EURUSD.

Explainations on the charts.

EURUSD tight triangle 9th Sept

September 8, 2009 Posted by | Uncategorized | , , , | 1 Comment

   

Follow

Get every new post delivered to your Inbox.