This setup is currently looking very tidy indeed.
NFP appears to have given us a very nice break of this falling wedge pattern. We have already seen a near perfect retrace to the pattern top, but with the current volatility and indecisive nature of USD pairs, i wouldn't be completely surprised if we were to see another pullback, the purple box indicates my area of interest if this is to happen) We also have some very clear divergence that shows a considerable amount of weakening through-out the wedges push down.
.925 & .935 are my 2 targets for this trade.
NFP appears to have given us a very nice break of this falling wedge pattern. We have already seen a near perfect retrace to the pattern top, but with the current volatility and indecisive nature of USD pairs, i wouldn't be completely surprised if we were to see another pullback, the purple box indicates my area of interest if this is to happen) We also have some very clear divergence that shows a considerable amount of weakening through-out the wedges push down.
.925 & .935 are my 2 targets for this trade.