exploration
Short

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

FX:EURCAD   Euro Fx/Canadian Dollar
315 5 0
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.

Tips on rising wedges http://www.informedtrades.com/3355-falling-rising-wedge-trading-strategies.html

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exploration
4 years ago
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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exploration
4 years ago
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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exploration
4 years ago
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 PRO exploration
4 years ago
Thank you for the update.
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exploration
4 years ago
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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