ADAUSD breakout - trading the next wave
Updated
ADAUSD broke up from an triangle and descending wedge pattern and now looks to be starting the next major wave. There is currently bearish divergence on the 1H so I expect a retrace in the next hours and will be looking for buys in the region shown where I expect it will find support from either EMA200 or prior support levels to facilitate a reversal. From here we can aim for approx 45% - 52% gain on the next subwave up.
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we reached the top end of the buy range.
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