Why are we entering? - Expecting EUR strength and USD weakness - In a bigger descending wedge and approaching wedge support. - Approaching -0.27 target fibonacci (where we expect a reversal)
What are we waiting for to happen? - Waiting for price to tag the channel support - a break of WFB
What is our confirmation? - a 4H bullish candle at the wedge support - WFB confirmation
Entry Safe Entry: Bounce off support and then WFB Risk Entry: Bounce off wedge support
Once entered, where will our Stoploss be? - Below the rejected price
Where do we take profits? - First TP: 1.155 - Second TP: 1.159 - Third TP: 1.67