PatiencePays777

Descending Triange w/ an Evening Star Candlestick Confirmation

Short
OANDA:EURGBP   Euro / Livre Sterling
As you can see in the picture, EURGBP respected the trendline and bounced off of the green support zone to form a Descending triangle. Then, it broke through, and retested it with a forming Evening star Candlestick confirmation. This trade is a good trade to lose, since the setup is so perfect and the orange line is a monthly resistance level so it's a fair area for it to potentially turn into a downtrend here. I am not an expert and don't take my advice for fact. Trade at your own risk.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.