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SM_Makhuba

Falling wedge Pattern

Long
Euro / British Pound (FX:EURGBP)  
SM_Makhuba  
FX:EURGBP   Euro / British Pound
Chart Patterns Trend Analysis eurgbplong Falling Wedge falconfx falcontrader supportandresistancezones 90percent
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chartpattern trendanalysis eurgbplong fallingwedge falconfx falcontrader supportandresistancezones 90percent
Price will tap in to the bottom trendline of the pattern formed and move towards completing 90% of the pattern on the daily timeframe.

However, if price breaks the bottom trendline to reach the previous weekly support area, then it will tap in to that liquidity and price will potentially shoot upwards to complete 90% of the pattern formed on the daily timeframe.

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