Potentially the greatest trade of this year - Huge Falling wedge
My chart shows that potentially there will be incoming big news, either from the US or Europe. What news? I don't know.
EURUSD has been crashing since May 2021, approximately 17 months.
A potential substantial falling wedge pattern is forming on the weekly time frame (Chart attached below). If the price rejects the bottom falling wedge line, I reckon EURUSD will climb to at least the upper weekly falling wedge line.
Invalidation:
- This analysis fails if the price breakout and close below the weekly falling wedge line
PS:
- Keep in mind that this analysis is based on the weekly time-frame
EURUSD has been crashing since May 2021, approximately 17 months.
A potential substantial falling wedge pattern is forming on the weekly time frame (Chart attached below). If the price rejects the bottom falling wedge line, I reckon EURUSD will climb to at least the upper weekly falling wedge line.
Invalidation:
- This analysis fails if the price breakout and close below the weekly falling wedge line
PS:
- Keep in mind that this analysis is based on the weekly time-frame
Note
Keep climbing
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Upgrade Your Trading Station with Gold Cartel
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.