Right now, it is a low-risk speculative buy for EURUSD. Breaking red and white downtrend line could indicate longer hold.
Simple idea. A break of red downtrend line will trigger Long trade. Use previous low as a stop price.
Risk taking decisions Trade setup 1) Price reach supply zone 2) Price stay under uptrend line 3) Risk/Reward ratio more than 3 Trigger 1) Short if price break down from the wedge. 2) Short if price break up and fall right back below wedge The Stop Loss Close short if price goes above previous high The Price Target Target 1 : 980 Target 2 : 970 The...