DenizTrading

Descending Broadening Wedge in EURUSD

DenizTrading Updated   
OANDA:EURUSD   Euro / U.S. Dollar
The Price formed a clear descending broadening wedge in daily candles. Descending broadening wedges are evaluated as bullish reversal formations, most of the time. So Keep an eye on the upper boundaries of the wedge. If the price can break above the line, the price may reach the indicated target.
Trade active:
The price is on the werge of breaking the upper bundary of the wedge. Once it is broken, the price may go up to our target range at a faster pace.
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