EURUSD forming falling wedge

2020-02-08 13:50:53

Pair is still in progress of making falling wedge. We need to see another swing to the downside, to the zone 1.90-1.9020.
Also, we are at end of wave 5, marking end of downtrend. Another factor is yearly low and strong support zone.
So this scenario is marked under HIGLY LIKELY. Reward is 4 RR.
In case that price doesnt reach our zone, we are scraping this scenario and not entering trade.

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