Long Break out or Not?

Tomorrow we'll be getting a FED interest rate decision which could push the EURUSD around. Currently we may be getting a long break out of the "triangle" but do not jump into a long trade. If it's a real breakout it should correct and give us an entry set up. It's just as likely to fall back into the structure at this stage so keep you powder dry and watch developments for now. I'll update this idea as it develops.

Please remember to like this chart especially if you follow me lol

Steve Nixon
Trainer & Mentor

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My earlier video analysis

07:39

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Could be coming back down

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Potential short trade set up