SubTh3ory

EURUSD Wedge/Channel potential breakout or continuation.

FX:EURUSD   Euro / 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.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out