Do your homework, follow the footprints of smart money
-
EURUSD Falling Wedge Hints at 2019 Rally
Over the weekend I hinted at a large wedge pattern on EURUSD. I figured I’d wait for the new year to comment on it further. However, I’m not so sure the market is going to wait. Now, I want to start by saying that the trend is still bearish. That will continue to be the case until buyers can clear the 1.1450/70 resistance area on a daily closing basis. I mentioned this horizontal zone last week. But what I didn’t show is the long-term trend line that intersects with this level. Under most circumstances, 1.1450/70 would be an area to sell from. However, a view of the 2018 price action hints at a very different ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Dec 24, 2018 8:21pm Dec 24, 2018 8:21pm
- KeenPips
- Joined Dec 2015 | Status: Member | 152 Comments
- Comment #2
- Quote
- Dec 25, 2018 2:49pm Dec 25, 2018 2:49pm
- lasty
- Joined Aug 2008 | Status: Member | 1423 Comments
- Comment #3
- Quote
- Dec 25, 2018 9:01pm Dec 25, 2018 9:01pm
- Olarewaju
- | Joined Dec 2018 | Status: Junior Member | 2 Comments