Price is moving into a rising wedge pattern and it's on it's way to reach a key reversal zone where it will meet the median line of an upslope pitchfork, the 0.618 fib level of previous swing cycle and previous structure (double top). If price breaks below the wedge it should be a good sell opportunity
Kommentar:
Price has reached the sell zone. Watch for a sell setup to complete at this level
Kommentar:
Price broke below the wedge with a wide range candle and it's now in consolidation. Big news today son we move stoploss at breakeven, waiting for the news from a safe position. The news may make this trade a huge one.
Kommentar:
This analysis was very accurate and almost everything went as planned. Those traders who identified a setup at the sell zone have pocketed a decent amount of pips.