EURUSD - H1 Descending Triangle & Short Setup

FX:EURUSD   Euro/Dollar AS
EURUSD - H1 Descending Triangle & Short Setup
"Descending Triangles" are bearish . "Descending triangles" form in bear markets and favor breakdowns.

Trade: Trade one tick below the low of the breakdown bar (outside of the triangle). Confirm the
breakdown with increased volume .

Target: "Descending" triangles have similar targets like "Ascending" triangles. Measure "Triangle"
depth at the lowest and highest points and set targets at 50% and 100% range from the
breakdown point.

Stop:Place a "stop" order outside the downward slope trend line . If price closes above the top trend
line, exit the trade.

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