Here we have a lovely falling wedge formation, I except to see a break of the upper resistance and a push to 1.19750.
I have patiently waited for price to break and retest before entering.
As you can see we have already had a break and retest which resulted in a fake out however this time I have waited for price to close above the 50 EMA on H4 for more confirmation.
The risk to reward on this trade is very nice, however stick to the correct lot sizes for your account size as we can never be sure!
I have patiently waited for price to break and retest before entering.
As you can see we have already had a break and retest which resulted in a fake out however this time I have waited for price to close above the 50 EMA on H4 for more confirmation.
The risk to reward on this trade is very nice, however stick to the correct lot sizes for your account size as we can never be sure!