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A EURUSD Range Trade With A Breakout Contingency

Discussion in 'Technical Analysis' started by ActionForex.com, Nov 15, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    For a setup, EURUSD's descending wedge offers a clear congestion trade (that could setup up a profitable breakout position under the right circumstances). Resistance is predominately in a falling trend line from Oct 1st (with five tests), but has a solid base in a nearby fib at 1.2280. Main support...

    complete article here...

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