On the chart we can see a rising wedge formation. Our strategy is enter a short position when the price retest the resistance line.
We can see an on-going distribution as there is a lower highs construction.
Stop loss: 2.957 USD
Target: 2.021 USD
Entry: 2.785 USD
On the chart we can see a rising wedge.
We are expecting breakdown soon. Enter the short position only when/if the price breaks down of the wedge. Look for the volume increase in order to avoid the trading fake out.
The target and stop loss are shown on the chart.
Major correction needed on BTCUSD. It can't just keep going up like a vertical line. Lol. I will expect BTCUSD to sell back to area E for form the Lower Low, retest on the Support Zone and the trendline before buying up again.
I'm Goin to to watch this closely and patient
And if my analysis goes right after that I'm Goin to do what to do it kkkk
As i always tell don't take my words serious make also your analysis if they match is good if I'm wrong tell me and drop your comments in the comments below thanks
On the USDCHF 4HR chart we have a right-angled broadening wedge, with horizontal resistance at the 1.0190 area. We are waiting for a break to the upside of this structure to target 1.026 and 1.032 which are the previous daily highs on this pair.
