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Rising Wedge EUR/CAD 193 pip Target...Sell

Short
FX:EURCAD   Euro / Canadian Dollar
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Sell setup: Sell if price falls below the bottom red line from the rising wedge 193 pip Target . You could place a sell now and ride the price movement to the bottom red line and then wait for a breakout. Note: The rising wedge is from an uptrend formation history see 4 hour time frame.

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Comments

Price action broke out of the rising wedge and went up 100 pips a 100 pip overbought state....price action should returm to the means 70/30 of the RSI soon.
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Price action is heading back to the bottom of the rising wedge ...price did try to break out of the top of the rising wedge but pressure was to strong.
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charttrader exploration
Thank you for the update.
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Looks like the price movement is trying to ecape or crawl out of the top of the rising wedge...will it ecape out of a top rising wedge or will it go down? I will just have to wait and see.
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Price action has formed a pivot point high at the top of the rising wedge and looks to go down to the bottom of the rising wedge.
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