Falling wedge pattern formation
Updated
price is retesting the trendline after breakout
falling wedge is formed now
Important news - (ppi cpi uk and us permits)
Price is in HIGH TIMEFRAME DEMAND ZONE
and on weekly bouncing from 200 EMA
Target no.1 should be 1.35
target no.2 =(1.36)(200 EMA 4H)
Trade is against Current Trend
Please take trades based upon your own analysis!!
This is just an idea i have shared..
falling wedge is formed now
Important news - (ppi cpi uk and us permits)
Price is in HIGH TIMEFRAME DEMAND ZONE
and on weekly bouncing from 200 EMA
Target no.1 should be 1.35
target no.2 =(1.36)(200 EMA 4H)
Trade is against Current Trend
Please take trades based upon your own analysis!!
This is just an idea i have shared..
Note
TP1 HIT
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