EUR/USD: falling wedge. Waiting for going up.

14. Feb. 2022

We see the falling wedge on M15, H1 charts accompanied with (as usual for us) bullish divergences. Waiting for realization of this pattern with target is about 1.1400 (1.14127 is a 0.5 Fibonacci retracement from 1.14947 to 1.12801). The intermediate resistance is 1.1360-1370 (there are price level 1.1370 and 0.382 Fibo-level 1.13621).

How to trade.
Open long with target price 1.1400.

16. Feb. 2022

Trade ist aktiv

Set the stop-loss is about 1.1350

13. März 2022

Anmerkung

The target level 1.1400 was not reached. The trade was closed 17.02 by stop loss with a PROFIT of about 500 points.