(Don't forget to like this idea and follow me for more updates. Thanks alot!!!)
I posted a chart analysis of a multi-months support hit recently by EU and that it
was possible we saw a quick buy rush and we did. Furthermore, in this analysis,
the main price action pattern of key interest here is the falling wedge pattern.
A Falling Wedge is generally considered bullish and is usually found in uptrend. But they
can also be found in downtrends as well. The implication however is still generally bullish.
This pattern is marked by a series of lower tops and lower bottoms, as seen drawn by the
yellow lines. Go on make more findings on how to trade them when you spot them.
Above all, stay safe and disciplined.
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.
I posted a chart analysis of a multi-months support hit recently by EU and that it
was possible we saw a quick buy rush and we did. Furthermore, in this analysis,
the main price action pattern of key interest here is the falling wedge pattern.
A Falling Wedge is generally considered bullish and is usually found in uptrend. But they
can also be found in downtrends as well. The implication however is still generally bullish.
This pattern is marked by a series of lower tops and lower bottoms, as seen drawn by the
yellow lines. Go on make more findings on how to trade them when you spot them.
Above all, stay safe and disciplined.
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.