rising wedge and weakening momentum

٧ مارس ٢٠١٩

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!

٧ مارس ٢٠١٩

ملاحظة

potential violation

٩ مارس ٢٠١٩

ملاحظة

Hit t1

١١ مارس ٢٠١٩

ملاحظة

stop moved to entry

١١ مارس ٢٠١٩

أغلقت الصفقة: تم الوصول لوقف الخسارة

good trade, t1 reached