SubTh3ory

EURUSD Wedge/Channel potential breakout or continuation.

FX:EURUSD   Euro Fx/U.S. Dollar
EURUSD             has carved out a nice Wedge pattern for us on the 4-hour. It looks a bit more defined on the Daily as well.
Before the weekend, price showed it's hesitance to break further down at the bottom of the Wedge and at structure support - 1.08300

Trade Idea(s):
If price breaks below the Wedge and 1.0830 support, I will wait for a retracement before entering a SELL trade.
If price turns around and pulls back up, I may have a BUY signal on Monday when the markets are opened (Sunday evening, technically) and will be in the market by then.
Otherwise, I will be waiting for price to come back up and retest the upper Wedge .
Either way, I will likely be in a EURUSD             trade this week.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out