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tokelohomi
Mar 19, 2023 12:52 PM

A wedge in place 

USD/CHFOANDA

Description

The market started off with accumulation phase to provide this nice bullish drive and got rejected by the 4h fair value gap. Then price dropped to the order block, respected the area and formed a young bearish order flow to give us the descending three drives which also created three ascending bullish drives. Both the drives have created a retail pattern which is narrowing to create high chance of a volatile move. Expecting a bullish move from this situation because on the 4h timeframe we have more of a correction that await an impulsive bullish move. Anticipating price to break above the 0.93454 to the 0.93926 stop order…
Comments
tokelohomi
But if you look carefully, you’ll see the wedge I’m talking about…
tokelohomi
That I know, that’s why it’s not mentioned in the description…
invizible32024
it's not a wedge it's a symmetrical triangle
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