Euro / Dollaro
Short

EURUSD has formed Descending Triangle during downtrend

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EURUSD is presently printing LHs and LLs and has formed Descending Triangle during downtrend on 1H timeframe. Entry (Sell Stop) has been placed on downward breakout of the triangle whereas SL has been placed above previous LH. TP1 and TP2 have been proportionately set. No divergence on RSI was exhibited therefore it can be safely assumed that downtrend is likely to persist.

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