Possible Downtrend Continuation (Retest) Short
Euro Fx/British PoundFXCM
Description
⋅ We have the following factors:
- H1 Rising Wedge (blue lines) + RSI Divergence
- Good Price Reversal Zone
- 61.8 Fib Retracement
Wait for:
+ Clear PA confirmation in between the green dotted lines
+ Uptrend breakout
*otherwise I wouldn't advice taking this trade
Comments and Questions are Welcome!
Cheers!