EURUSD looks like either ascending triangle

[Morpheus]

or a descending triangle. I can't tell the difference. I'm long anyways. Just trying to maybe spot a chart pattern. Look at it on the 30 min chart .

http://www.babypips.com/forexpedia/i...nding_Triangle

[mattman27]

i was thinking the same thing, i couldnt tell so i waited up until 1am to see what it was going to do, then i set my stoploss at 1.3675 (i was short at 1.3660) and went to bed, i wake up and it hits my stoploss and shoots right back down...o well i only lost a few bucks, im back short at the same price because it looks like it broke down.

[Morpheus]

awesome...got me 15 pips....it's nice to be right for a change.

[simonyadig]

Originally Posted by Morpheus

or a descending triangle. I can't tell the difference. I'm long anyways. Just trying to maybe spot a chart pattern. Look at it on the 30 min chart .

http://www.babypips.com/forexpedia/i...nding_Triangle

They have a picture of a descending triangle and they are describing an ascending triangle. That could be why you are having problems telling the difference. They are very simple to differentiate between. The ascending triangle's slope or trendline is going up (ascending) and the descending triangle's slope/trendline is going down. A symmetrical triangle has both an ascending and descending slope.




Good job on the 15 pips.

[Morpheus]

God I love forex. I love trading. I've fell in love with trading. I hope I never do anything else but trade for the rest of my life. For a living I mean.

[simonyadig]

Originally Posted by Morpheus

God I love forex. I love trading. I've fell in love with trading. I hope I never do anything else but trade for the rest of my life. For a living I mean.

I never really thought about this but you are always talking about getting rid of currency in the world yet you want to trade it for a living.