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KWFX

Possible Downtrend Continuation (Retest)

Short
Euro / British Pound (FX:EURGBP)  
KWFX  
FX:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns Beyond Technical Analysis Fibonacci Retracement Rising Wedge rsidivergence pricereversal priceaction
3
0
trendanalysis chartpattern beyondta fibonacciretracement risingwedge rsidivergence pricereversal priceaction
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!
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