XAUUSD | Descending Broadening Wedge
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Price formed a Descending Broadening Wedge pattern. And currently testing its higher boundary, also 200 MA. In case there is a confirmed breakout we can initiate a long position.
Rejection will lead to retest of the Ichi Cloud support zone
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Price formed a Descending Broadening Wedge pattern. And currently testing its higher boundary, also 200 MA. In case there is a confirmed breakout we can initiate a long position.
Rejection will lead to retest of the Ichi Cloud support zone
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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