pablo82

RISING WEDGE - SELL SETUP

Short
pablo82 Updated   
OANDA:AUDCHF   Australian Dollar / Swiss Franc
he current structure indicates we have a rising wedge pattern in development.

I am expecting a break of that pattern to the downside as marked on the chart.

We have clear divergence in MACD indicator which supports my idea.

You can enter when the price will make new high or on a breakdown of the pattern.
Comment:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.