Hitto_lupa

USDILS forming falling wedge(pennant)

Long
Hitto_lupa Updated   
FOREXCOM:USDILS   U.S. Dollar / Israeli Shekel
For more than 600 days(that's 2 years approx.), USDILS was on a huge downtrend, this is a very long time to be on the downside, so, after that we saw a little bottom that reversed the chart.

In terms of the present, it formed a pennant which makes us expect upside movements.

Disclaimer: always DYOW, stay cautious, and trade your own personality.
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