RISING WEDGE PATTERN ON NZDUSD 2HRS TIMEFRAME
Updated
the strong uptrend has lost momentum at a resistance level (0.91000). price has formed a rising wedge pattern and almost about breakout. i'll be monitoring for a SELL setup on the 1hr timeframe. a break below the pattern might be an indication of the beginning of a strong uptrend.
Trade active
just right on the resistance level we can see the formation of a bearish three indicating a potential SELL. Sell orders can be placed after the asian session on Monday 30th
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