rising wedge and weakening momentum

2019년 3월 7일

hey traders,

on pound cad the market has reached a decent level of structure,
and RSI on a daily chart is overbought.


Indeed, on a 4h chart we can see a weakening bullish momentum with a clear rsi divergence


the market has formed a nice rising wedge pattern,
bearish violation of it will give us a great opportunity to sell the market.

targets will be based on structure and stop will be above higher high!

good luck!

2019년 3월 7일

노트

potential violation

2019년 3월 9일

노트

Hit t1

2019년 3월 11일

노트

stop moved to entry

2019년 3월 11일

거래청산: 스탑 닿음

good trade, t1 reached