Spotted another pattern forming in yet again the EUR/USD Market 30mins timeview.
Rising Wedge pattern which indicates breakout to the down-side so sell sell sell, the pattern is outlined by yellow lines and break out should occur on the bottom yellow line for the downside.
Ignore blue lines as those are depicting earlier pattern formations traded in a different timeframe viewing. Posted their charts but as the timeviewing was 5mins, tradingview only let me post it as a private chart so it can only be seen by others if i post the link to it as opposed to showing on my profile.
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT MY IDEAS THEN LIKE, FOLLOW & SHARE.
Rising Wedge pattern which indicates breakout to the down-side so sell sell sell, the pattern is outlined by yellow lines and break out should occur on the bottom yellow line for the downside.
Ignore blue lines as those are depicting earlier pattern formations traded in a different timeframe viewing. Posted their charts but as the timeviewing was 5mins, tradingview only let me post it as a private chart so it can only be seen by others if i post the link to it as opposed to showing on my profile.
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT MY IDEAS THEN LIKE, FOLLOW & SHARE.
