EURUSD testing resistance, possible short trade

FX:EURUSD   Euro / U.S. Dollar
EURUSD has been trading in an ascending wedge formation since mid November. It is currently testing the 1.14720 (R1) area of resistance. Should this level hold we could be looking at a move back down to the lower trendline .

Profit target: 1.13631, the 4th of January swing low.

Stop loss: 1.5000, if this analysis is correct we shouldn't get above here. A move above this level would indicate a breakout to the upside and a possible long trade set up.
Jan 09
Trade closed: stop reached
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Pine Wizards Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out