On this 4H chart for GBPAUD, you can notice that the price is forming a potential Rising wedge. The price is currently hitting a strong Resistance range. The wedge can provide a breakout here or go to a higher level and still provide a valid breakout. Monitor for development around those levels
Additional confluence: Strong RSI Divergence
Additional confluence: Strong RSI Divergence
Order cancelled
Price broke above the pattern. Pattern is invalidated
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Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.