- In my previous analysis of this pair, I identified price was at the support level of a broadening wedge pattern: **This pattern was wrongly identified as an ascending broadening wedge, it is infact a standard broadening wedge.
- Now we can see clear rejection of this support level with the formation of a bullish inverted hammer candle - Looking for price to ascend back to the ascending trend-line resistance now - If price breaks below the mentioned support level this will invalidate the pattern