EURUSD |A quick profile on price action: Price is reversing to rally towards the range of a falling wedge. There is two common support zones that price will have to rally through for confirmation of a continuation. There is also an area of confluence in yellow, if price breaks this it is an indication of a rally to the range of the wedge. A close outside the range of the wedge is the first sign for confirmation of a breakout. Use the indicators as reference and watch for a volatility spike as price passes the cross-over of the cloud.
Note
The best entry would have been at the Ichimoku Cloud Cross-Over.Note
Trade Idea VOIDED on 8.10.17 at the high.
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.
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.