Recently we had a break out of the descending wedge after getting a higher low. The breakout failed to break a significant level (94.6) level which is why this was a corrective break set up. As it was a corrective break, we saw a deeper complex correction.
Deeper correction:
Price is currently testing the higher significant low (indicated on the chart), which previously gave us a break out of the major descending wedge. We look to be in a smaller descending wedge now where price is being squeezed and looking like it will breakout soon.
As we're anticipating USD strength, we will be looking to short XXXUSD pairs.
I will be posting the best USD set ups below. Do like and comment to show your support!
Deeper correction:
Price is currently testing the higher significant low (indicated on the chart), which previously gave us a break out of the major descending wedge. We look to be in a smaller descending wedge now where price is being squeezed and looking like it will breakout soon.
As we're anticipating USD strength, we will be looking to short XXXUSD pairs.
I will be posting the best USD set ups below. Do like and comment to show your support!
Comment:
EURUSD:
Comment:
GBPUSD:
Comment:
NZDUSD:
Comment:
AUDUSD:
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