(Don't forget to like this idea and follow me for more updates. Thanks alot!!!)
I posted a chart analysis of a multi-months support hit recently by EU and that it was possible we saw a quick buy rush and we did. Furthermore, in this analysis, the main price action pattern of key interest here is the falling wedge pattern. A Falling Wedge is generally considered bullish and is usually found in uptrend. But they can also be found in downtrends as well. The implication however is still generally bullish. This pattern is marked by a series of lower tops and lower bottoms, as seen drawn by the yellow lines. Go on make more findings on how to trade them when you spot them.
Above all, stay safe and disciplined.
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable. Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can not afford to lose.
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.
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.