ktscalpersking

Wedge Top on 4hr chart

Short
FX:EURUSD   Euro / U.S. Dollar
4hour chart is showing a wedge and it strongly reversed down. It is now in process of testing the top again. It is a good place for double top than breakout so it offers good risk reward ratio here.

Sell in the region of 1.118X with SL at 1.1210. target area is 1.1120 and 1.1080.
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.