Euro / U.S. DollarShort
EURUSD, creating an ascending wedge.
Price has been in an uptrend for a few months now. Currently forming an ascending wedge pattern. EURUSD will eventually breakout of this channel and begin selling. This breakout could happen within the next few days, weeks or couple months. There is no way to know for certain when it will breakout. You can set an alert on the lower trend line and trade other pairs in the meantime.
Or you can continue taking bullish trades once price continues to respect the lower trend line without breaking through it.
Or you can continue taking bullish trades once price continues to respect the lower trend line without breaking through it.
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