TradingView
VasilyTrader
Apr 9, 2019 7:18 AM

rising wedge and structure  Short

Euro Fx/New Zealand DollarFXCM

Description



hey traders,

though I have a bullish view on euro new zealand,
I anticipate seeing a pullback and only then the market will go further.

right now the market is approaching a significant level of resistance,
the price is coiling in a rising wedge pattern with rsi being overbought with divergence.

just wait and sell the breakout of the wedge with the initial target based on structure support 1.66.

good luck!

Comment

wedge is broken
Comments
IgorPorokh
@VasilyPonomarev Good job!
VasilyTrader
@IgorPorokh, thank you)
IgorPorokh
@VasilyPonomarev, I will follow your ideas)
VasilyTrader
@IgorPorokh, ahah, ok!)
More