rising wedge and structure

9 Apr 2019

hey traders,

though I have a bullish view on euro new zealand,
I anticipate seeing a pullback and only then the market will go further.

right now the market is approaching a significant level of resistance,
the price is coiling in a rising wedge pattern with rsi being overbought with divergence.

just wait and sell the breakout of the wedge with the initial target based on structure support 1.66.

good luck!

10 Apr 2019

Catatan

wedge is broken