hey traders,
on europound we have a nice potential opportunity to sell the market.
As you see the market is very bearish, after it reached 0.862 level, we see a steady retracement.
Now we are approaching a decent level of resistance looking left.
Also, the marker coils in a rising wedge pattern.
I will be looking for a bearish violation of its support line to sell the market.
On the chart above, I highlighted a decision zone for you.
We need a decent violation of this zone for a breakout confirmation.
target is based on the market low.
good luck!
Note
Attempt to break the wedgeNote
We see a decent breakoutNote
Retest of 0.874
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.