ADAUSD Channel Up into Rising Wedge. When to buy.

Pattern: Rising Wedge on 4H.

Signal: Buy once the prices makes contact with the 4H MA50 again (blue trend-line) as it is near the Higher Lows trend-line of the Rising Wedge.

Target: 0.48000 (just below the 1.236 Fibonacci extension, which has been projecting the Higher Highs within the Rising Wedge).


Previous ADAUSD trade:



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