Price is moving inside a Rising Wedge, typically a bearish reversal signal.
Watching for a break below wedge support to confirm downside.
Potential targets: next support zones as marked on chart.
Invalidation: Break and close above wedge resistance.
#AUDCAD #Forex #ChartPattern #Wedge
Watching for a break below wedge support to confirm downside.
Potential targets: next support zones as marked on chart.
Invalidation: Break and close above wedge resistance.
#AUDCAD #Forex #ChartPattern #Wedge
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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.