Ascending wedge at 38.2
Updated
Price has formed an ascending wedge on this pair.
The price has rejected the Fib 50 level.
Price has fallen below the trend line. I would like to see a retest on the smaller time frames before entering sell.
The price has made a strong bearish candlestick
Also there is a bit of structure on the 38.2 level.
The price has rejected the Fib 50 level.
Price has fallen below the trend line. I would like to see a retest on the smaller time frames before entering sell.
The price has made a strong bearish candlestick
Also there is a bit of structure on the 38.2 level.
Order cancelled
No clear breakout and price continued.
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