EURUSD... Rising Wedge Study. 26.10.2020
A rising wedge formed at an uptrend.
Price action is forming new highs, but at a much slower pace than when price makes higher lows.
It is possible to move up for a short while but than probably turns back.
In the continuation, If breaks down to downside, after confirmation candle, heads down to targets as seen on the chart.
In the same time dont forget monitoring DXY's actions.
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!!! WARNING !!!: This is not a trade advice, be carefull about your personel risk assesment.
...............................................................................................................
Price action is forming new highs, but at a much slower pace than when price makes higher lows.
It is possible to move up for a short while but than probably turns back.
In the continuation, If breaks down to downside, after confirmation candle, heads down to targets as seen on the chart.
In the same time dont forget monitoring DXY's actions.
...............................................................................................................
!!! WARNING !!!: This is not a trade advice, be carefull about your personel risk assesment.
...............................................................................................................
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