After the strong impulse started in may eurusd has been in consolidation for a while, now its slowly going back to 1.15 /1.14 which is a strong support zone, and its doing that with a falling wedge.
there is two ways to enter this, you can look for bullish signs inside the support zone to spot an early entry for more reward but also more risk, or you can wait for price to bounce from support , break the falling wedge , and enter on the first continuation you spot.
the first target is 1.19, if we break that the nexts is the top of the trendline which is also a supply zone, around 1.2/1.21
let me know what you think of this
thanks
there is two ways to enter this, you can look for bullish signs inside the support zone to spot an early entry for more reward but also more risk, or you can wait for price to bounce from support , break the falling wedge , and enter on the first continuation you spot.
the first target is 1.19, if we break that the nexts is the top of the trendline which is also a supply zone, around 1.2/1.21
let me know what you think of this
thanks
Trade active:
we reached daily support zone and bottom of trendline, now we need to wait for bullish structures on intraday timeframes to confirm the reversal and have a good entry.