We could see a breakout above the wedge or a continuation. We should wait for the right moment to enter our trade.
I have identified this is a Broadening Wedge pattern which can give us the following opportunities:
Breakout
If it breaks above the daily with 1 or 2 positive closing candle sticks above the upper trend line, we could see a breakout.
Continuation
If the price falls down to the first support layer, and breaks through that one we could see a continuation.
Setup
I've set two trade alerts when the prices crosses either sides. After that I will update my strategy accordingly with a possible entry point.
I have identified this is a Broadening Wedge pattern which can give us the following opportunities:
Breakout
If it breaks above the daily with 1 or 2 positive closing candle sticks above the upper trend line, we could see a breakout.
Continuation
If the price falls down to the first support layer, and breaks through that one we could see a continuation.
Setup
I've set two trade alerts when the prices crosses either sides. After that I will update my strategy accordingly with a possible entry point.
