Prices are forming a rising wedge on the weekly time chart

Prices have broken the bottom trend line of the rising wedge.

Possible 2 scenarios are prices pullback to a descending trend line formed on the 4H chart then price fall to the 1.78000 support level

The other scenario is prices fall directly to the 1.78 support zone WITHOUT a pullback to the trend line.

At the moment a confirmation is needed to enter this trade
Chart PatternsTrend Analysis

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