EURUSD Wedge Update – DIBS Breakout Continued on 1H Chart

Looks like the EURUSD Volatile Breakout at the trend line support on the rising wedge cranked out some solid pips, with the breakdown at 4260s able to tumble about 120-pips to intra-day lows in the 4240’s.

The 1H Chart decided to get in on the fun by printing a DIBS signal bar very soon after the break and close below the trend line support. This was an inside bar with a 50-pip range but the breakout was able to get to the 1:1 free-trade target within the next 2 bars, not bad.

We’ll have to see if this breakout gets further continuation in the context of the daily chart.

Image001

The original charts at the moment of the break appear on this post:

http://fxdibs4pips.posterous.com/not-all-dibs-are-created-equally-eurusd-poten

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