Euro can rise to resistance level inside broadening wedge

6 ก.พ.

Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price traded inside a range, where it rebounded from the support level and started to grow to the resistance level. When the Euro reached a resistance level, it broke it, thereby exiting from the range and entering to seller zone. Then the price rose a little more, made a first gap, and then started to decline inside the downward channel. In the channel, the price broke the 1.0465 level and fell to the support line, which continued to fall near and later rebounded up to the seller zone. When it reached this area, the price at once backed up to the channel and continued to fall next. But soon, the Euro made a strong second gap, thereby exiting from the channel and declining below a support level, breaking it. Next, the Euro started to grow inside a broadening wedge, where it rose to the buyer zone and soon broke the support level one more time. After this, the price continued to grow, until it reached 1.0445 points and then started to decline. Now price trades near the support line of the broadening wedge and I think that the Euro can rebound from this line and start to grow to the 1.0465 resistance level. That's why I set my TP at this level. Please share this idea with your friends and click Boost 🚀

7 ก.พ.

การซื้อขายยังคงดำเนินอยู่

Okay! Euro fell below the support line of the wedge. For this case, I think that it turns around and starts to move up to the resistance level.

8 ก.พ.

ปิดการเทรด ด้วยตนเอง

Sadly, the price dropped below the support level, breaking it. Therefore, I am closing this trade.