☑️USD_ILS is trading in a textbook like bearish wedge
And while a move Up inside the wedge is still possible
I am expecting a bearish breakout and consequent move down
Until the pair finds support
SHORT↘️
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after the red candles of the downtrend we have a green candle that means the end of the downtrend and the start of the uptrend, and also the candle with the wick above the body our confirms the start of the market rise, so we are going to buy and collect our profits in the take profit.
signal buy , buy opportunity
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The situation on the USD/ILS charts is initially hard to understand, as the already broken patterns are still drawn on the chart.
Namely, the previously active ascending medium term pattern is still observable on the charts. However, one should concentrate on the new medium term descending pattern.
In the borders of that pattern a junior channel up pattern has...
After the US Dollar reached new heights against the Israeli Shekel, most patterns could be observed as broken. That fact pushed for a larger review.
It was discovered that the currency exchange rate is surging simultaneously in two ascending pattern. The dominant pattern has the form of an ascending wedge. Meanwhile, there exists a junior medium term ascending...
