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Euro / British Pound
Short

Possible Downtrend Continuation (Retest)

61
We have the following factors:
  • H1 Rising Wedge (blue lines) + RSI Divergence
  • Good Price Reversal Zone
  • 61.8 Fib Retracement


Wait for:
+ Clear PA confirmation in between the green dotted lines
+ Uptrend breakout
*otherwise I wouldn't advice taking this trade

Comments and Questions are Welcome!

Cheers!
KWFX
Beyond Technical AnalysisChart PatternsFibonacci RetracementpriceactionpricereversalRising WedgersidivergenceTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Beyond Technical AnalysisChart PatternsFibonacci RetracementpriceactionpricereversalRising WedgersidivergenceTrend Analysis
KWFX

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.