Ascending wedge on the EURUSD 4H chart with bearish divergence (higher high, lower high).
I plan on taking a short position once price action crosses below key support level at 1.2100 with a stop loss at 1.3000 and profit target at 1.1100 for a 1.25:1 trade.
I plan on taking a short position once price action crosses below key support level at 1.2100 with a stop loss at 1.3000 and profit target at 1.1100 for a 1.25:1 trade.