rising wedge and weakening momentum

7 мар. 2019 г.

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!

7 мар. 2019 г.

Заметка

potential violation

9 мар. 2019 г.

Заметка

Hit t1

11 мар. 2019 г.

Заметка

stop moved to entry

11 мар. 2019 г.

Сделка закрыта: достигнута стоп-лосс цена

good trade, t1 reached