Hi fellows, This pair is forming again the same pattern formation which we have seen in past. In past we sold under the trend line of flat channel. Currently we have the same pattern formation so look for sell under the trend line of ascending broadening wedge. In case price break up and extend the price ranges then this pair will remain bearish because it is rising correctively. Any strong breakup will give us the signal that price is not going to fall if this happens which i am not anticipating then we will look for trend continuation pattern formation for upside.
Note
Watch bottom trend lineFor Training visit.
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For Training visit.
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Related publications
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.