A 50% retracement will take the price
to 1.089 while a 60% retracement will take
it down to 1.083
There is also a rising wedge forming to
guide it to the 50% retracement.
Should it go past the bottom of the wedge
a Bulls flag will take it to the 60% retracement
to 1.089 while a 60% retracement will take
it down to 1.083
There is also a rising wedge forming to
guide it to the 50% retracement.
Should it go past the bottom of the wedge
a Bulls flag will take it to the 60% retracement
Note
Should read "Falling wedge" instead of rising wedge
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Related publications
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.