What will happen after rising wedge?
Hey traders community 🙌
Hope you're doing well ❗️
After creating a rising wedge in h4 Timeframe
We are expecting breakdown because if we examine this previous pattern after rising wedge there is always a break down
So what we are expecting?
Currently gold is at 2680.00 there is resistance level at 2687.00
So we set our stoploss at 2690.00 if it try to be used a fake wicks we can manage or deal with it
Our first target would be 2670 then 2660.00 last target would be 2650.00
All you need to stick with one channel ❗️
Use proper risk management and lot size 🙌
#XAUUSD
Hope you're doing well ❗️
After creating a rising wedge in h4 Timeframe
We are expecting breakdown because if we examine this previous pattern after rising wedge there is always a break down
So what we are expecting?
Currently gold is at 2680.00 there is resistance level at 2687.00
So we set our stoploss at 2690.00 if it try to be used a fake wicks we can manage or deal with it
Our first target would be 2670 then 2660.00 last target would be 2650.00
All you need to stick with one channel ❗️
Use proper risk management and lot size 🙌
#XAUUSD
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