descending triangle - sell the breakout

hey traders,

on euro dollar pair we see a decent consolidation around 1.146 level,
we've seen multiple retest of this zone with the established lower high after each test.
while bear pressure is rising, bulls show clear exhaustion.
bearish breakout of support will trigger massive selling reaction and will drive the market to its initial low.
so we are waiting for a breakout to short the market.
stop goes above 1.16
target is based on structure.

good luck!

Yorum:

breakout

Yorum:

market is going to retest structure

Yorum:

back to test 1.15