It seems we have an ascending wedge formation on the 3h timeframe
Further confluence would be to
1.Wait for the break of the structure
2. Look for a lower timeframe structure for dirty (it could be a flag, triangle or even a smaller wedge)
It's a long way down patience pay
There's enough time to plan the trade and trade the prepared plan
Most interesting thing about this set up was we had a monthly fakeout at a major lever of support
A nice bullish candle away from that area
A long move
Plan the trade trade your plan
EURUSD is at major resistance zone most importantly we had a *fakeouts*
SL @ 1.11620
Tp1 @ 1.09445
Tp2 @ 1.08307
But we have to let price commit first to the downside give you an entry (depending on your trading strategy)
It's a long way down be patient 💯
A rising wedge seem to be developing on the 4h approaching the upper boundary at a key level of resistance
Once price gets to the upper boundary we have a high probability bid goin' short