130 Pips Megaphone at EUR\USD

ChartSecret

Master Trader
Jun 26, 2009
91
1
62
www.chartsecret.com
EUR\USD has taken a short break from the big uptrend, and this breaks turned out to be a Megaphone. This pattern, 130 pips in size, is one of the most reliable chart patterns and upon breakout should present us with profitable profit opportunities.

Trading
Wait for price to break Resistance and perform a pullback. After pullback is confirmed - enter Long trade.

Source
http://www.chartsecret.com/content/asymmetric-megaphone-eurusd
 

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