Just wanted to update you on the adjustments we have made to the wedge, since the last minor breakout. I have widened it to include the most recent uptrend. Looks like we are coming to the end now, and this should finally breakout sooner than later.
For me, i think, there is a big demand that this pair has to take before heading monthly Pivot might have to be tested before we go for monthly resistance 1.
Prices broke out of a resistance zone and now turned support. We are looking for a LONG position if we get a pullback onto previous structure for a trend continuation move. Make sure that you look for a depletion of bearish momentum before taking the trade.
Plan your trade, trade your plan. Any questions you may have, just drop me a private message.
