Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
View RSS Feed

Winners Edge Trading Daily insights

Eur/Usd: Descending Triangle Forming

Rate this Entry
by , 02-25-2009 at 01:20 AM (536 Views)
Feb 24, 2009 23:44 Est

Casey Stubbs-- Winners Edge Trading

The Euro/Usd Has reached a point where the pair has not had any clear direction in the past few trading sessions. However now we are forming a Descending triangle which usually indicates a further move to the downside. So watch for the pair to break out of the triangle.

Comments

  <   May 2013    
Su Mo Tu We Th Fr Sa
21 22 23 24 25 26 27
28 29 30 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.