Price on this pair is looks to be resting at a decision point. Will this level hold?
Potential short once price crosses 1.2820 level
Confluences for a short opportunity below:
- Rising wedge pattern which typically favors a break to the downside
- 38.2 retracement of the previous swing
Initial targets are at the base of the wedge with the opportunity to hold for extended targets which also lies at a -27 fib extension.
Potential short once price crosses 1.2820 level
Confluences for a short opportunity below:
- Rising wedge pattern which typically favors a break to the downside
- 38.2 retracement of the previous swing
Initial targets are at the base of the wedge with the opportunity to hold for extended targets which also lies at a -27 fib extension.
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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.