PULEMokhothu

EURO WEDGE PATTEN BREAKOUT IDEA

Long
FX:EURUSD   Euro / U.S. Dollar
Good Day Traders.....

HERE'S A EURUSD LONG IDEA ON A POSSIBLE BREAKOUT OF THE WEGDE PATTEN

THE EURO HAS BEEN RANGING FOR A COUPLE OF WEEKS CONTRACTING INTO A WEDGE PATTEN WHICH PROBABLY WE ARE MORE THAN LIKELY TO SEE HIGHER VOLITITLITY IN THE PAIR.
HOPEFULLY THE EURO IS BUILDING TO RUN HIGHER
IF WE SEE A BREAKOUT AND TRADE ABOVE WILL MEAN MOMENTUM TOWARDS HIGHER LEVEL
BREAKDOWN BELOW OPPOSITE

BUT WE ARE MORE THAN LIKELY TO SEE A RISE IN THEW PAIR IN THE COMIGN DAYS ...

LOOKING FOR A BREAKOUT TO THE UPSIDE AND POSSIBLE ENTRIES ON THE RETEST

RISK MANAGEMENT

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