Price did eventually break below the wedge pattern. However, looking at price action and how it reacted upon the break, we would be cautious shorting this pair simply based on the breakout.
Personally, I would wait for a better and clear signal to enter this trade.
I would love to hear your opinion, feel free to comment, agree or disagree.
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KY
Personally, I would wait for a better and clear signal to enter this trade.
I would love to hear your opinion, feel free to comment, agree or disagree.
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Always wanted to connect, learn and help one another throughout your trading journey? Join our community for FREE at www.facebook.com/groups/fxpipsology/ The only thing you need to 'pay' is your commitment to trading and sharing!
Have a great pipping day!
www.fxpipsology.com/
www.facebook.com/fxpipsology
Cheers,
KY
