rising wedge and weakening momentum

Zaktualizowano
snapshot

hey traders,

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

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

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!
Uwaga
potential violation
Uwaga
Hit t1
Uwaga
stop moved to entry
Transakcja zakończona: osiągnięto poziom stop
good trade, t1 reached
Technical IndicatorsSupport and ResistanceWedge

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