Price Action: Bullish
Pattern: Rising Wedge
Long-Term Momentum: Range/Slight Bullis
Short-Term Momentum: Bearish
Action: Enter a short position after price breaks short-term trend support.
Comments: Price has had a pretty decent pull back of ~100 pips since bottoming out on 5/16. If the dollars bullish momentum can continue this pair should continue to fall.
Pattern: Rising Wedge
Long-Term Momentum: Range/Slight Bullis
Short-Term Momentum: Bearish
Action: Enter a short position after price breaks short-term trend support.
Comments: Price has had a pretty decent pull back of ~100 pips since bottoming out on 5/16. If the dollars bullish momentum can continue this pair should continue to fall.
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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.