EUR/USD: In a wedge?

FX:EURUSD   Euro / U.S. Dollar
166 0 7
Possible ending structure...

Stochastics currently overbought and pointing down so we might get another push down to oversold condition at a possible area of support.
If confirmed by momentum we might get a decent long out of it...

Look for lower TF setups somewhere in the 1.0950 region or wait for breakout of the structure, as per one's preference...

Comment: Possible that we test the MA/channel trendline before going down (if we go down...):
Comment: The move down started exactly from the expected level as per my last update.
We didin't get a new low today though and it's oversold again so it's possible that it reversed earlier..
I didn't get a chance to get in long so I'll wait for the next opportunity...

Channel breakout trade still possible for those who prefer this...:
Comment: Buy order triggered at 1.0955 this morning, went in profit after the news but got stopped out after it reversed... I had a Gartley to short but didn't enter so I didn't get a good short entry at completion... Entered short at 1.0960 on a daily/weekly chart basis to complete a possible large bullish pattern...

1H update:
Trade closed: stop reached
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