Skip to content

Entering Off Of An Inner Trendline On A Breakout

Home
Trading Strategy Examples: Quick Charts
Entering Off Of An Inner Trendline On A Breakout

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: https://www.tradingview.com/u/nobrainertrades/

ParaCurve

ParaCurve

Since 2008, ParaCurve (formerly NBT) has been a provider of a wide range of articles geared towards a common sense approach to trading using fundamental market analysis in conjunction with globally identifiable technical levels. Steve is a 21 year trader, having formerly worked as a sell and buy side global macro analyst for several of the largest financial institutions in the world. You can follow us on Twitter or Facebook. Series and support at FXS Analytics.

Follow Our Work

Paracurve X    Paracurve Facebook    Paracurve Instagram    Paracurve LinkedIn

First Time Here?

Check out some of our most popular guides on trading.
Learn a little more about us.
Or follow along to our updates above.

FXS Analytics

A focused, Twitter-like discussion community, 81 lectures and true, 1 on 1 support. This site is an in-deep dive and extension to the content posted here and social media, and where I spend the bulk of my time online. Go to https://fxsanalytics.com for more.