The rising-wedge is broken - Fantastic 4.5% Short Opportunity!

2019-12-25 20:19:23

Merry Christmas Everyone from the UK!

Here I present to you a nice high-probability trade.

We have can clearly see:

- A break of the rising wedge trend (to the downside)
- Loss of momentum (gradient is continuously decreasing) + RSI provides extra evidence
- Strong Horizontal resistance @ 109.603.

Therefore, absorbing and processing all the technical evidence presented in-front of us, it is most likely we will search for support as we are over-extended.

Please like & follow for the support.

Yours Sincerely,
Anon. Scholar


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