EURUSD – Watching the Wedge

20 Nov - EURUSD 4Hr

(Click on image above for larger view) 

Hi All,

Just a quick update on the EURUSD.

As we await for the new FOMC meeting minute release later today, I’m keeping a close watch of the wedge pattern on this pair. For those Fib users out there, (as I write this post) price is also testing the 50% fib retracement at the moment. While this is one of my favourite patterns, I always wait for a clean break below the wedge before I take any positions.

Thank you for reading do post any comments and queries below the post.

 

White Space

Because TYE is Still Growing…

Sign Up for the newsletter to get TYE’s trading ariticles.

We value your privacy and would never spam you

White Space [/s2If]
Divider Grey  

Cover TYE Page

Make sure to check out my ebook on Trading the First Pullbacks - A simple Price Action Guide for Market Pullbacks That Works

See what Amazon readers say

  Divider Grey

Leave A Response

* Denotes Required Field