There is a wedge formation on the 4h and 1h on EURUSD. I will not predict which way it will breakout, as I am a reactionary trader and neither I nor anyone can predict the future. However if it breaks under or above support/resistance AND closes, then I will execute a trade in that direction until it reaches the next support/resistance. DO YOUR OWN ANALYSIS, DO NOT EXECUTE A TRADE JUST BECAUSE A STRANGER ON THE INTERNET HAS A COMPELLING ANALYSIS>
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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.