Aurum Markets Blog Technical Analysis Triangle breakout on ETHUSD

Triangle breakout on ETHUSD

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This trade setup on ETHUSD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 2661.6581.

Target: 2661.6581 Entry: 2512.295 Stop: 2476.59

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