We saw a very long fall on the EURUSD pair since June 2021, I think the fall has reached the end its of momentum, as you notice, the pair had an impulsive move in the M15 chart and it formed a rising wedge pattern as a pullback. So what I see happening is the EURUSD breaking the rising wedge to the downside completing what's left of the fall, going for the 3rd touch on the monthly/weekly trendline, I'll be looking for long positions then.
Trade closed: target reached
The trade didn't actually take long to close close to 10R, so now I wait for confirmation to go up for a long time
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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.