Falling wedge is formed and we can expect a bounce at the resistance level.
Pattern has completely formed head and shoulders pattern and broke the neck. Almost risk free trade. Price may go up slightly before going down. This analysis is based purely on TA. Choose your entry wisely. Low risk high reward. What else can you ask for?
This is a short idea for USD/ZAR. Reaching the apex of a rising wedge. There is a high possibility of a breakthrough on the lower wedge pattern.
This is a short idea on GBP AUD. Head and shoulder pattern completing the formation. You may enter with a slightly higher risk to reward or wait until it breaks the neckline for entry confirmation.