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!
Comment:
potential violation
Comment:
Hit t1
Comment:
stop moved to entry
Trade closed: stop reached:
good trade, t1 reached
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