EURUSD, trend is changing.
EURUSD / 1D
Hello Traders, welcome back to another market breakdown.
EURUSD has been trading in a channel which is another type of trading ranges, the price has deviated above old highs forming a wedge pattern with 3 touches, which is a reversal pattern.
Safe play would be to wait for the breakout bellow then the next pull-back to the previous S/R level.
Trade safely,
Trader Leo.
Hello Traders, welcome back to another market breakdown.
EURUSD has been trading in a channel which is another type of trading ranges, the price has deviated above old highs forming a wedge pattern with 3 touches, which is a reversal pattern.
Safe play would be to wait for the breakout bellow then the next pull-back to the previous S/R level.
Trade safely,
Trader Leo.
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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.