In daily TimeFrame, we had a falling wedge pattern that reached its target at the blue point as I expected but now what is the next move? I think we have a rising channel here and we are near the bottom of this channel.
we have two scenarios here, the green and the red.
(don't forget this, often time rising channel break from the bottom, and on the contrary falling channel break from the top)
to make the best decision we must go to the lower timeframe 4H and 1H for opening trade positions.
we have two scenarios here, the green and the red.
(don't forget this, often time rising channel break from the bottom, and on the contrary falling channel break from the top)
to make the best decision we must go to the lower timeframe 4H and 1H for opening trade positions.