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alexcrypto

Short term trade - Rising wedge

Short
Euro / U.S. Dollar (FX:EURUSD)  
alexcrypto Updated   
FX:EURUSD   Euro / U.S. Dollar
Chart Patterns EURUSD
8
0
chartpattern eurusd
Bearish rising wedge formed.

Aggressive entry at the next touch of the top of the wedge

Conservative entry at the breakout of the wedge

Good luck!
Trade active
Comment:
Resistance at the 1.1630 level as per Fibonacci retracement
snapshot
Comment:
On the 30M Ichimoku cloud the lagging line cross of the Kijun will confrim the bear trend, and will give impulse to the bearish momentum.
snapshot
Comment:
Next support line is 1.1625 quite a soild mark. We might slightly bounce up from there before continuing down
snapshot
Comment:
Beautiful Bearish engulfing candlestick pattern
snapshot
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