Eur/Gbp A Daily Falling Wedge Trend Reversal Pattern!

2019-12-01 19:28:10

Like a idiot , I entered this without confirming the buy... I am holding a 0.02 lot size in the negative and waiting for a move up to the area you see highlighted on the chart with the green arrow.
The last time price entered this area , it shot all the way up. Im not sure that the same thing will happen this time around! If you zoom all the way out on the daily , or move to the weekly chart … you can see that this pair still has a lot of room to fall in the extreme long term!
These gbp pairs have been kinda hard to trade! You can see on the chart that price still has some more room to fall...
The black lines were drawn using the weekly chart. The blue line you see was drawn on the daily time frame! It is the next daily resistance area.

Please wait for extra confirmation before you enter a buy....