Get started
m_vahhaaj

Rising Wedge Identified | GBPUSD Sell

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
m_vahhaaj  
OANDA:GBPUSD   British Pound / U.S. Dollar
Support and Resistance Trend Lines Wedge GBPUSD SELL break retest
0
0
supportandresistance trendline wedgepattern gbpusd sell break retest
GBPUSD



Key Points:
1. 4h Rising Wedge Pattern.
2. Still need to break 50 EMA.
3. 1.34 Psychological resistance.
3. Rising Wedge support broken waiting for retest.




Setup Invalidation: If price returns to the middle of rectangle then the setup will be invalidated.



Entry Criteria: Wait for large bearish momentum candle on 1h or 15m and look for sell.


What do you think?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.