As you see in the 4H time frame, price is moving in a rising wedge and currently is approaching to the yellow resistance zone.
On the other hand hand, we can see a reversal double bottom pattern in the wedge.
We should wait for the price to see if it breaks the resistance or not:
If price breaks the resistance and closes a bullish candle above it, we can expect a rise towards the wedge’s upper side.
If price gets rejected from the resistance level and closed a strong bearish candle after rejection, we can expect a drop to 134.78 and downside breakout on the wedge.
On the other hand hand, we can see a reversal double bottom pattern in the wedge.
We should wait for the price to see if it breaks the resistance or not:
If price breaks the resistance and closes a bullish candle above it, we can expect a rise towards the wedge’s upper side.
If price gets rejected from the resistance level and closed a strong bearish candle after rejection, we can expect a drop to 134.78 and downside breakout on the wedge.
Join My Telegram Channel:
t.me/Tradia_Channel
Follow My Instagram:
Mahtab_Tradia
My YouTube Channel:
youtube.com/channel/UCLVMX3VGgdo8d02jF99SihQ
t.me/Tradia_Channel
Follow My Instagram:
Mahtab_Tradia
My YouTube Channel:
youtube.com/channel/UCLVMX3VGgdo8d02jF99SihQ