TheSignalyst

EURUSD - Potential Bearish Reversal!

OANDA:EURUSD   יורו / דולר אמריקאי
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EURUSD is sitting around Weekly Resistance in blue so we will be looking for sell setups on lower timeframes.

on H4: EURUSD is forming a wedge pattern in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)

Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)

Until the sell is activated, EURUSD would be overall bullish and can still dive inside the blue zone.

Good luck!

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~Rich

This analysis is done using RichTL
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