Pattern Wedge on EURUSD currency pair by T1
and T2 trendlines . This is bearish wedge
and forecasts short reverse movement,
little gain for USD. Also check the fibonacci
retracement for last bearish trend , the first
support level is 61%, around 1.1855
Terms and short forms!
T - Trendlines (T1,T2... etc.)
S - Supprt levels (S1,S2... etc.)
R - Resistance levels (R1,R2... etc.)
TP - Take Profit
SL - Stop Loss
F - Fibo Levels (F23,F61... etc.)
Check out my next stream "Group from Moving averages based on Fibonacci numbers"
www.tradingview.com/...oJUxfPKrZ15fGRSPzAG/
and T2 trendlines . This is bearish wedge
and forecasts short reverse movement,
little gain for USD. Also check the fibonacci
retracement for last bearish trend , the first
support level is 61%, around 1.1855
Terms and short forms!
T - Trendlines (T1,T2... etc.)
S - Supprt levels (S1,S2... etc.)
R - Resistance levels (R1,R2... etc.)
TP - Take Profit
SL - Stop Loss
F - Fibo Levels (F23,F61... etc.)
Check out my next stream "Group from Moving averages based on Fibonacci numbers"
www.tradingview.com/...oJUxfPKrZ15fGRSPzAG/
