Hey!
Currently, the EURUSD graph offers to us a bearish chart pattern called Rising Wedge.
It is a continuation pattern and the latest trend is downwards.
Sell is triggered after the breakout below the Rising Wedge bottom trendline and below the black trendline (pulled on higher timeframe).
Perfect breakout would be a 15 min. candle and 1H candle close simultaneously because 15 min. candle breaks aren't so good!
NB: Not before you have seen a breakout because this is also strong support level!!
Do not forget to support my idea post by hitting the "LIKE button!
Thank You!
Have a nice day,
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Currently, the EURUSD graph offers to us a bearish chart pattern called Rising Wedge.
It is a continuation pattern and the latest trend is downwards.
Sell is triggered after the breakout below the Rising Wedge bottom trendline and below the black trendline (pulled on higher timeframe).
Perfect breakout would be a 15 min. candle and 1H candle close simultaneously because 15 min. candle breaks aren't so good!
NB: Not before you have seen a breakout because this is also strong support level!!
Do not forget to support my idea post by hitting the "LIKE button!
Thank You!
Have a nice day,
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
