Price is testing the lower trendline of a rising wedge. In case we have a breakout below it we should wait for a correction and then go short. But there is a chance that we might see another wave up before price reverse and breaks. A divergence with MACD shows that we might see a reversal very soon.
Thanks for your posts.. But i would like to spot one thing.. I posted an idea where i describe what i believe price will do in a 4h chart. You post what you believe price will do in a monthly chart. That's do not fit.. I would appreciate if you posted your 4h analysis in here.. Besides that your monthly analysis looks great.. Keep it up..!! :)
ahmedfx
⋅
ok this is my prediction on h4
ahmedfx
⋅
Fxprotrader
⋅
We agree, nice analysis..!
ahmedfx
⋅
hope we see that move this week :)
Fxprotrader
⋅
We have to wait.. Have a nice trading week.. take care..!