EURUSD took a wild ride the last weeks and definitly blown up some accounts.
From a technical perspective we got a 5-Waved downward movement.
After the initial push, we got a correction in a form of a rising wedge pattern.
This wedge made it's thrid touch of the upper trendline at the 50% Fibonacci retracement and also formed a price action sell signal.
From a technical perspective we got a 5-Waved downward movement.
After the initial push, we got a correction in a form of a rising wedge pattern.
This wedge made it's thrid touch of the upper trendline at the 50% Fibonacci retracement and also formed a price action sell signal.