AUDNZD - 1H - Rising Wedge - Short Position Short

AUD/NZDOANDA

Description

⋅ Mar 29, 2024 10:41 AM

In this chart we have observe it is an Uptrend with HH & HL.
then we spotted a Bearish Divergence in the RSI.
with that we see the price is start shrinking creating a Rising wedge. which lead us to take a short entry

Comments

debonairCockat27820

⋅ Apr 5, 2024 4:10 PM

this analyze is failed!

shahrukhshafiq

⋅ Apr 7, 2024 11:33 PM

@debonairCockat27820, Yes you are correct, it is part of trading