don't miss this trading opportunity!

hey traders,

on a pound dollar we see very interesting trading setup.
on the hourly timeframe, there is a clear rising wedge pattern and we can contemplate
a false bullish breakout that recently occurred.

if we look left we will notice that 1.291 is a mystery level that the market has respected many times before.

and again, this level was touched a couple of hours ago and we see a clear rejection.

now I will be looking for a bearish breakout of this rising wedge.
I need to see a clear bearish violation of 1.286 level to sell the market.

your initial target is 1.274 and your second target is a bit above 1.25

your stop above 1.295!

good luck!

Comment:

formation of a double top

Comment:

Wedge is broken

Comment:

going down

Comment:

almost hit the initial target

Trade closed: stop reached:

after reaching the first target stop is reached!