EURUSD Wedge pattern structure breakout
Price bounced on a strong resistance at 0.618 fib level and then broke the structure.
MACD is showing divergence
Beware of the resistance levels shown.
The wedge chart pattern signals a reverse of the trend that is currently formed within the wedge itself. Wedges are similar in construction to a symmetrical triangle in that there are two trendlines - support and resistance - which band the price of a security.
MACD is showing divergence
Beware of the resistance levels shown.
The wedge chart pattern signals a reverse of the trend that is currently formed within the wedge itself. Wedges are similar in construction to a symmetrical triangle in that there are two trendlines - support and resistance - which band the price of a security.
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