Here we have a true wedge playing out. This fits with the fundamentals & technicals. A perfect trade for my style.
I will be shorting at .7850 (23.5% fib) for a move to the downside targeting at least the 50% fib &100/200 MA's at .7750. Risk reward is great. Stop at .7875 above the wedge line.
I will be shorting at .7850 (23.5% fib) for a move to the downside targeting at least the 50% fib &100/200 MA's at .7750. Risk reward is great. Stop at .7875 above the wedge line.