Potentially the greatest trade of this year - Huge Falling wedge

My chart shows that potentially there will be incoming big news, either from the US or Europe. What news? I don't know.

EURUSD has been crashing since May 2021, approximately 17 months.

A potential substantial falling wedge pattern is forming on the weekly time frame (Chart attached below). If the price rejects the bottom falling wedge line, I reckon EURUSD will climb to at least the upper weekly falling wedge line.

Invalidation:
- This analysis fails if the price breakout and close below the weekly falling wedge line

PS:
- Keep in mind that this analysis is based on the weekly time-frame

تعليق:

Keep climbing