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EURUSD SHORT: TRIGGER AND ENTRY USING RISING WEDGE PATTERN

FX:EURUSD   Euro / U.S. Dollar
Price sold below the RWP ( RISING WEDGE PATTERN) to 1.20952 before a pullback to retest lower channel trend line . A retest of the lower channel trend line is the trigger for a short entry which is bearish until the next logical support region. The first support region is at 1.20867-1.20789 and the second at 1.20269-1.20198 region on the chart.
The strength of a RWP depends on the measure of convergence of the trend lines at the apex of the channel trend. This is a good pattern for a short entry within a bullish trend .
Hope you've enjoyed the read, more RWP analysis ideas are welcomed!

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