Forex: EUR/USD – descending triangle

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Spent the night scalping the EUR/USD for a couple of hours, and the best trading opportunities were centred around the obvious descending triangle, which broke out strongly and went past the traditional target projection.

The old problems in Europe are starting to surface again, putting pressure on the stock indices, as well as the EUR/USD. Overall trend is bearish.

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Spencer Li

Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.