EURUSD forming falling wedge
Updated
Pair is still in progress of making falling wedge. We need to see another swing to the downside, to the zone 1.90-1.9020.
Also, we are at end of wave 5, marking end of downtrend. Another factor is yearly low and strong support zone.
So this scenario is marked under HIGLY LIKELY. Reward is 4 RR.
In case that price doesnt reach our zone, we are scraping this scenario and not entering trade.
bull-capital.com
contact@bull-capital.com
Also, we are at end of wave 5, marking end of downtrend. Another factor is yearly low and strong support zone.
So this scenario is marked under HIGLY LIKELY. Reward is 4 RR.
In case that price doesnt reach our zone, we are scraping this scenario and not entering trade.
bull-capital.com
contact@bull-capital.com
Trade closed: stop reached
Trade closed, we hit sl.
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