EURUSD 5 minute chart

5
Feb

Good morning Pipsters This mornings trade from the forex trading floor was placed on the EURUSD. The one hour chart is forming a triangle and price is currently in the lower half. Expecting price to go to the top of the triangle I was looking for long trades on the five minute chart. When price bounced of my bottom trend line and then broke my vertical trendline to the north I entered a long position targeting the top of the triangle. After two bars of indecision price then moved smoothly to my 9 pip target.

Site Designed by - Visualcode © 2012. Forex Trading Floors. All Rights Reserved.