rising wedge on euro pound
Updated
hey traders,
on europound we have a nice potential opportunity to sell the market.
As you see the market is very bearish, after it reached 0.862 level, we see a steady retracement.
Now we are approaching a decent level of resistance looking left.
Also, the marker coils in a rising wedge pattern.
I will be looking for a bearish violation of its support line to sell the market.
On the chart above, I highlighted a decision zone for you.
We need a decent violation of this zone for a breakout confirmation.
target is based on the market low.
good luck!
Note
Attempt to break the wedgeNote
We see a decent breakoutNote
Retest of 0.874
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