EURUSD - High Probability LONGS ⚡️

EURUSD is within a descending wedge and approaching a significant level where we may see a bounce.

We have the following confluences:
-0.27 Fibonacci Bounce
Parallel Channel Support
Falling Wedge Support

We also have DXY and USDOLLAR showing bearish price action, indicating that we may have a bullish move from XXXUSD.

Trade idea:
Watch for price to test the wedge support
For a risk entry, you can enter on the bounce.
For this set up there is no safe entry.
Stoploss: below the wedge
First target: Parallel channel resistance
Second target: Wedge resistance

Goodluck and trade safe!

Comentário:

Wedge invalidated. Looking at a parallel channel now