rising wedge and weakening momentum

2019年3月7日

hey traders,

on pound cad the market has reached a decent level of structure,
and RSI on a daily chart is overbought.


Indeed, on a 4h chart we can see a weakening bullish momentum with a clear rsi divergence


the market has formed a nice rising wedge pattern,
bearish violation of it will give us a great opportunity to sell the market.

targets will be based on structure and stop will be above higher high!

good luck!

2019年3月7日

註釋

potential violation

2019年3月9日

註釋

Hit t1

2019年3月11日

註釋

stop moved to entry

2019年3月11日

交易結束：達到停損點

good trade, t1 reached