rising wedge - sell the breakout

hey traders,

on eurusd after a steady decline and violation of 1.15 level we see a retracement
going up until 1.16 forming a pretty looking rising wedge.
bearish breakout of this pattern will trigger massive selling reaction, so we might see the retest of previous structure low.
rsi divergence gives us a clear indication of falling bullish momentum and exhaustion of bulls.
I base my initial target on the market local low 1.144

good luck!

Yorum:

attempt to break

Yorum:

Going down

Yorum:

will be waiting for bearish continuation next week