EUR/USD 6.23.2021 (Preparing for a long position)
6.23.2021 $1.1931
I am preparing for my long entry due to the following reasons:
- The falling wedge which started 2008 finally broke up this July of 2021.
- Historically there are two falling wedges that both broke up. I circled them in orange.
- Inside the 2008 falling wedge/bull flag, there is another flag and it gives us another proof that trend will be going up.
- Since Nov, 2020 after it breaking the two falling wedge patterns, it is doing Higher Lows.
- Now if it does another Higher Low at price around $1.17700 I am doing risk entry.
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