848evo

[TRADE FORMING] EURGBP Wedge Formation

FX:EURGBP   Euro Fx/British Pound
23 0 2
There is a wedge formation forming on EURGBP             with about a 138 pip range. It would need a lot of buying pressure to push through the top, but if he can close above .7929, we could see a potential large move upwards. If PA breaks the bottom TL, we will also see a probably drop, but with a few bounces off support levels. I will post updates as the setup progresses.

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***** HOW TO READ THE CHART: The red and blue lines represent clusters of BUY/SELL orders. The thicker the line, the stronger the cluster. Red = SELL, Blue = BUY. Grayed Out = Cluster Hit & Gone.
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