Quick short on EURUSD

26 kwi 2020

Following pattern formation from 1D to 15Min, it indicates the market has formed a falling wedge. On its way up to touch the top trend line, a supply zone is present, and not too far a resistance zone. Following the XABCD pattern, it pinpointed the possible entry within the supply zone and not too far from the resistance zone. Not too certain as to how far down it will drop, but to play it safe I would place the stop loss at the identified demand zone.