Price reached the support level with a falling wedge pattern. After completing wave E, the price broke out impulsively. Expecting a retest on the 1.08400 resistance level.
Hello my friends, I sometimes switch to line chart for a better perspective in drawing lines. It eliminate many noises and only focusing on candle close. EURCAD making a nice falling wedge / wolfe wave pattern at daily timeframe in my opinion right now. Price are bullish and moving inside the line i marked. Yesterday candle / friday candle closing below it which...
IF WE BREAK THIS PATTERN TO THE UPSIDE WE COULD SEE AN OUTBREAK TARGET FROM $12200 TO $12250.
EURUSD Weekly Breakot .A clear and simple setup
multiyear downtrend trendline which has been acting as resistance since 2014 is about to be broken, Right now price has already jumped so not best R:r setup so manage positions wisely