• Pair broke above the June-July descending trend line
• Trading inside a falling wedge
• Falling wedge is a reversal bullish pattern
• Expect upward move in the short term
Trading recommendation:
• Long at the breakout of the wedge with Tp at 1.2000
• Trading inside a falling wedge
• Falling wedge is a reversal bullish pattern
• Expect upward move in the short term
Trading recommendation:
• Long at the breakout of the wedge with Tp at 1.2000
Ramzi Abou Abdallah, CFTe, CMT
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