Hi all guys nice formation here in EURCAD where price is moving for the 7 month in this big DESCENDING WEDGE we have already hit the upper TL and rejected it! At first eye we say short cause this structure f*uck yeah 7 months that price respected it but we all know that all structure gonna to be broken and this especially usually have a break to the upside. Now just wait and let s see what will happen we ll think at short only if price will break that weekly zone (grey color) instead a break n retest of this major wedge and we will go long!
Anyway stay tuned we ll post the update.
Anyway stay tuned we ll post the update.