WK29, AUDUSD, short 1H, wedge
4H analysis
Price is trading within a ascending wedge. Lower trendline is steeper then the upper line so we may see a downward push.
1H analysis
H&S formation at the upper trendline.
Price broke the shoulder and has now retested and is forming an engulfing candle.
Missed the entry point for a sell order is set at 0.6988 in-case of the next candle having some small final push to the upside to trigger.
TP1 - 0.69345 (R:R 1.69) Local structure
TP2 - 0.69010 (R:R 2.75)
Price is trading within a ascending wedge. Lower trendline is steeper then the upper line so we may see a downward push.
1H analysis
H&S formation at the upper trendline.
Price broke the shoulder and has now retested and is forming an engulfing candle.
Missed the entry point for a sell order is set at 0.6988 in-case of the next candle having some small final push to the upside to trigger.
TP1 - 0.69345 (R:R 1.69) Local structure
TP2 - 0.69010 (R:R 2.75)
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