JaredJJohnson

The Rising Wedge Is BACK! (200 pip target)

Short
FX:EURUSD   Euro / U.S. Dollar
Last week I talked about this rising wedge, it flexed it's muscles and we have to expand the wedge a bit, but it's all still very much intact and I'm super anxious to get into this trade short.

Specifically for EURUSD there's ECB news on Thursday and Trump on Friday, sooooo.... I'm looking for end of week to trade this pattern.

Ideally I'd like to see:

ENTRY: wedge break out, small retest and sell that
STOP: above highs
TARGET: 1.0350 area

Jared Johnson
Union Hedge Funds
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