We can make a wedge on the H4 chart which can break out in either direction. However, considering the PA is currently just above the daily uptrend line, this resistence may mean the price action will move up the length of the wedge in this case ~70 pips rise.
Trade active
PA has managed to test the resistence on trend line and have now borken out of the wedge for a possible 70 pips uptrend (hopefully) :).Trade closed: target reached
WOW Love the wedge! What a signal and nice delivery!!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.