The price has been in a downtrend since late last year and now sits just above the 1.20000 weekly support (marked in green) forming a descending wedge. This may imply a price reversal targeting the downward trendline shown on my chart and maybe even greater heights around 1.30000. My idea is valid only if the price breaks out upward from inside the wedge.
Feel free to comment and like. Happy trading.
Feel free to comment and like. Happy trading.
Comment:
The forex markets are tonnes of fun when they begin to make sense. The forex markets are tonnes of work when they begin to make sense.