Price broke below the wedge and a bearish shark pattern was identified with RSI overbought. Short trade taken with first target at 1.9065 and second target 1.9043
Comments
Highcrunch
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Thanks moneymaking. First target hit, took half unit off and move stop to break even.
Observing price action when 50% CD is hit. This could turn into a 5.0 harmonic pattern and move higher to touch the lower wedge line.
moneymaking
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Hey highcrunch, thanks for sharing and Happy New Year!!
Observing price action when 50% CD is hit. This could turn into a 5.0 harmonic pattern and move higher to touch the lower wedge line.