we have clear shift in trend on this pair with the base being a head and shoulders which seems to have been completed. what is left is more confirmation to go long and that is where the wedge comes in. it is an indication that the new trend is stilll in it's primitive stage and we can expect a bullish run after breakout and retest.
we have breakout already from the wedge and we are currently in a retest. bullish momentum is all that's needed to drive price high... WAIT FOR IT!!!
we have breakout already from the wedge and we are currently in a retest. bullish momentum is all that's needed to drive price high... WAIT FOR IT!!!