Euro / U.S. DollarShort
EUR/USD Tanking!
Hey everybody, hope you guys are all doing well :)
Chart of the day: EUR/USD
Bias: Downtrend - On the 1-hour timeframe price action has created a rising wedge pattern (Solid line) which indicates a possibility for a high probability trend continuation to the downside. We will wait for the break of the trendline to confirm a move to the downside.
Please don't forget to leave your thoughts and comments and if you benefited in any way from this post please like & share.
Trade safe & have a great trading week :)
Chart of the day: EUR/USD
Bias: Downtrend - On the 1-hour timeframe price action has created a rising wedge pattern (Solid line) which indicates a possibility for a high probability trend continuation to the downside. We will wait for the break of the trendline to confirm a move to the downside.
Please don't forget to leave your thoughts and comments and if you benefited in any way from this post please like & share.
Trade safe & have a great trading week :)
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.