EURUSD took a wild ride the last weeks and definitly blown up some accounts.
From a technical perspective we got a 5-Waved downward movement.
After the initial push, we got a correction in a form of a rising wedge pattern.
This wedge made it's thrid touch of the upper trendline at the 50% Fibonacci retracement and also formed a price action sell signal.
From a technical perspective we got a 5-Waved downward movement.
After the initial push, we got a correction in a form of a rising wedge pattern.
This wedge made it's thrid touch of the upper trendline at the 50% Fibonacci retracement and also formed a price action sell signal.
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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.