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ArturoL
Aug 1, 2023 4:41 PM

Price sitting on strong trendline Long

Euro Fx/U.S. DollarFXCM

Description

Price just landed on that trendline as shown. I just opened a long position, not a big one. I'm giving it a wide SL, If I see a nice bounce off on the daily timeframe I'll add. I could wait for a buy signal to open a position but sometimes it happens overnight and I miss it.
Comments
vinceliza
Looking at your trend lines looks like an clear rising wedge pattern.
ArturoL
@vinceliza, Yes, but I don't think is going to break down this time. It needs more consolidation if it is going to break down. It could break up too.
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