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fugutrader
Nov 21, 2023 3:41 PM

AUDHUF - Rising Wedge in a downtrend 

Australian Dollar/Hungarian ForintSaxo

Description

Price may want to test the previous pivot high before either breaking out above it or travelling to the lower boundary of the wedge to continue with the higher timeframe downtrend.
A divergence on the MACD indicator may also indicate that price is losing it's upward momentum
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