price trapped into the ascending wedge
EURUSD is moving between two edges of this ascending wedge for a while.
I believe if the price keep moving below the baseline will drop soon or later.
however above the 1.096 level could lead us to next resistant levels.
so our key level to drop is our baseline and the confirmation is local trend line
on the chart, lets see.
Enjoy the market
I believe if the price keep moving below the baseline will drop soon or later.
however above the 1.096 level could lead us to next resistant levels.
so our key level to drop is our baseline and the confirmation is local trend line
on the chart, lets see.
Enjoy the market
Trade active
baseline is our judgement level, above the baseline is still bullish, closing below the beseline has more chance to drop.
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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.