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We're short with our take profit along the lower supportive trendline.

We're short with our take profit along the lower supportive trendline. | 22 February 2019

22 February 2019, EUR/USD

We're short with our take profit along the lower supportive trendline.

Technical Observation:

The last two day;'s candle has been bearish pin bar candles. While the price is within the converging wedge formation. I expect a bounce from either the upper trendline or along the lower trendline. And should price breakout of this wedge formation, then I'll look for trade in the direction of the breakout. The key lines to look for on this chart include 1.12440, 1.13270, 1.14520, 1.15760, and 1.17840, these are the key levels and any time the price approaches them, then I'll be looking for a trade.

Trade Recommendations:

We're short with our take profit along the lower supportive trendline.

Imelda Maseno
Analyst of «FreshForex» company
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