possible rising wedge formation
UC ranging across as expected. Currently attempting to create another higher high forming a possible rising wedge. Expecting to short it very soon. HOWEVER, be careful with this setup because CAD news happens on Wednesday (tomorrow), which means it may simple continue to range up. I would aim to move SL to BE asap and close trade if it bounces back up from the lower trend line.
For bullish move analysis you can check my previous setup. (Which I closed with good profit)"
NOTE: It may not hit (or hit but continue rising :D ), so trade with care
Entry: 1.24
SL: 1.242
TP: Fib Based, Target 1.23143; however close if it does not go lower than 1.23630
Expected Pips: 20-80 pips
Expected Timeline: 1-2 days
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Disclaimer: Chart is static market is not. I learn from loss and mistakes like everyone. No financial advise is given here. Your money your own risk. :) And Good luck.
For bullish move analysis you can check my previous setup. (Which I closed with good profit)"
NOTE: It may not hit (or hit but continue rising :D ), so trade with care
Entry: 1.24
SL: 1.242
TP: Fib Based, Target 1.23143; however close if it does not go lower than 1.23630
Expected Pips: 20-80 pips
Expected Timeline: 1-2 days
---
Disclaimer: Chart is static market is not. I learn from loss and mistakes like everyone. No financial advise is given here. Your money your own risk. :) And Good luck.
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