EUR/USD Forex Day Trading Signal – 15 Min Chart
| May 6, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
May 06 6:00 AM GMT
Thank you for your patience. I have moved to a beautiful new location, am settled in and I will once again be posting forex trading ideas daily.
The following is a forex market commentary based on technical analysis for the EUR/USD currency pair. It is based off of a 15 minute chart. Trading ideas or trading signals can be generated based on your own risk tolerance and time frame. Please read the latest How to Use the Trade Ideas blog if you have questions. If you still have questions after, feel free to comment.
A breakout has just occurred from a falling wedge formation in the EUR/USD currency pair. The move above 1.3260, the upper trend line, offers a target of 1.3260 + 100 pips = 1.3360
~Cory Mitchell, CMT
Market Strategist
Remember, failed breakouts are tradeable too!
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Target hit, a nice first trade after my break.