TlStephen

EURUSD - Rising Wedge - Reversal Incoming?

Short
FX:EURUSD   Euro / U.S. Dollar
A rising wedge formed from April through to July coupled with the recent shooting star candle is indicative of a reversal in the current trend. A potential hawkish Fed will also result in downward movement. Divergence on the stochastic also indicates bearishness. Targets are T1, T2, and T3 derived from previous structure support levels.
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