TradingView
200PipsClub
Dec 9, 2015 6:51 AM

Waiting for an upside break of the wedge. 

Euro Fx/Japanese YenFXCM

Description

If someone favors to go long euro,this pair probably provides a very good opportunity.If price breaks above 61.8% fib retracement,It'll be very like to break above the trendline as well which will provide a buying opportunity.I'm usingthe daily chart here to show the longer term picture but I always execute from 4 HR chart.So probably today's US session will paint a clearer picture of which way price may be heading.

I'll also be very comfortable shorting if the wedge holds and price falls back below 133.30.Will update when I take a trade.
More