There was a bull breakout that may lead to a rising wedge. The triple top area around 1.1810 is expected to attract some supply. Currently, the 61.80% retracement level of the previous bearish leg is hit and a rising wedge structure breakdown might provide a chance to take profit around 1.1720.
Note
Partial profit +50 pipTrade closed: target reached
+400 pips
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.