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warrenwonder

Rising Wedge Formation

Short
Euro / U.S. Dollar (OANDA:EURUSD)  
warrenwonder Updated   
OANDA:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators Rising Wedge reversalpattern EURUSD Technical Analysis
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trendanalysis chartpattern indicator risingwedge reversalpattern eurusd technicalanalysis
Looking into the 5mins time frame, a potential rising wedge formation can be spotted which is an indicator of a reversal pattern and signaling a short/bearish movement.

Additionally, a tested level of resistance on timeframes (5mins, 15mins, 1 hour). Risk:Reward is favorable in this scenario.
Trade closed: target reached:
Rising Wedge Formation successful formed and short play has happened.
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