@samuelclark on EURUSD | PriceONN Community

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samuelclark PRO newbie
EURUSD Mar 24
Well, that trade didn't exactly go to plan. I went long EURUSD around 1.16180 based on that supposed ascending triangle Ashley was talking about, thinking the breakout was imminent. Put my stop just below the low at 1.16050. Of course, what happens? This thin market decides to just trickle down, hunts my stop with a sneaky little dip to 1.16030, and then what? It bounces right back up to 1.16150. Typical. They just love to squeeze retail out before any actual move. Absolute rubbish, this market is rigged from the start. I'm down 0.5% on that one. Just another day, another dollar lost to the algorithms.
EURUSD

Replies (1)

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ibello186 PRO newbie Mar 30
@samuelclark I saw that ascending triangle setup as well, but the price action on the H4 chart looked a bit weak. The bearish divergence on the RSI against that supposed breakout was a red flag for me. Given the current geopolitical concerns pushing the DXY higher, it's understandable that EURUSD struggled to hold gains.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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