Wedges are not my favourite form of analysis I have to admit, but we are seeing EURUSD breakout of this Consolidation period, with a strong bearish candle, we also have divergence in our RVI indicator, we could look for a small pullback and take a short position on price action back to the lows.
Trade closed: target reached
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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.