Rising wedge on the hourly + bearish RSI divergence, good time to go short
We can wait for a breakdown of support which would give us confirmation that the rising wedge is in play
profits as mentioned in the graph, TP3 is the uptrend on the daily timeframe
Our Stop loss is a break of resistance
We can wait for a breakdown of support which would give us confirmation that the rising wedge is in play
profits as mentioned in the graph, TP3 is the uptrend on the daily timeframe
Our Stop loss is a break of resistance
Trade active
Comment:
Comment:
falling wedge played out
7.3K is possible reversal area so profit should be taken here
7.3K is possible reversal area so profit should be taken here
Comment:
I mean rising wedge*
Trade closed: target reached