In Trading Strategy Examples: Quick Charts

Whether in Forex or any other market: Inner trendlines = great launchpads on a break.  Outer (peripheral) tend to hold more relevance on fades. Just another example here today that kicked roughly 60 pips before slowing down with a triple tap at the current highs.

The 100% extension target on this break is appx. 1.2576. Our current peak corresponds with another registered on May 29th.

EUR/USD,  5minutes

Inner Trendline Forex EURUSD 5 Minute Chart

Chart source:

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  • Steph

    You could have added the triple tap that just happened on your chart, worked perfect 🙂

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