EURPLN Plays for a Upside Breakout from the Right Angled WEDGE
EURPLN had been consolidating within the Descending Broadening Wedge Pattern, since 9th November. After testing the upper trend line for the fourth consecutive time, prices registered a breakout from the pattern. In addition, the bullishness in the pair is being underpinned by the stochastic indicator, where the %K line (sky blue line) is moving above the %D line (red line). The prices are now attempting to move towards its target profit and thus traders can grab the buy opportunity and keep the profit target at 4.6000 level. Simultaneously, the stop loss can be set at 4.4686 level.
Trade information
Take profit 4.6000
Stop-loss 4.4686
Trade information
Take profit 4.6000
Stop-loss 4.4686
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.