Caught in a long-term rising wedge (3% swing potential)

2019-12-24 21:43:53

Hey Guys.

Studying EURUSD for some time and we have been trending within a rising wedge, which predominantly always ends up with breaking towards the downside.

On the upside we have previous support & resistance otherwise known as a 'mirror' level - which will be strong resistance and therefore there is higher probability to enter into a short around 1.12 and exiting around 1.09.

I have some interesting ideas linked to this idea down below, 2 out of 2 hits for a rising wedge trade. - Take a look if you feel free.

Additionally, you can find me @ my communities discord channel.

Thanks,
Anon.

>> https://discord.gg/NaJFET4 <<