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AhmedMortaja
Aug 10, 2023 4:03 PM

preparing for a downside trend  

U.S. Dollar / Israeli ShekelFOREX.com

Description

I think that the price is preparing for a downside trend for the following technical reasons
1 monthly resistance
2 bearish divergence on weekly chart
3 bearish divergence on daily chart
4 The rising wedge pattern

Comment

Every time the price hit the upper boundary of the wedge, it bounced down.. Will it rebound this time to reach the lower boundary?
Comments
AhmedMortaja
Every time the price hit the upper boundary of the wedge, it bounced down.. Will it rebound this time to reach the lower boundary?
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