miracleFx

A Rising mini wedge inside a falling wedge

FX:GBPUSD   British Pound / U.S. Dollar
A mini rising wedge has formed in a bigger falling wedge on the 4 hours chat of the GBP/USD pair. a breakout of the the mini wedge upwards will see price breakout of the bigger falling wedge upwards. a breakout of the mini wedge downwards might see price holding the support level in a downwards movement. to trade this setup, you can find corrective patterns and target the correct entry on the 15 mins or 1 hour timeframes.

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