AUDUSD bearish wedge

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Looks like a nice bearish wedge with a nice setup at the high. It is getting a bit over extended now, so it has to make a drop very soon, within a few hours, otherwise it might break out sideways and simply move up. So when it takes too much time, i will simply close it again, since it's also against that resistance line on the left.


Previous analysis:
AUDUSD double bottom and bullish wedge Part 2
注释
If the curved line breaks, it will prob start to drop, above it, it could still hold

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注释
This wedge seems to be failing, taking too much time and that support is not breaking. So i am going to wait for that support zone to break. It could still happen coming hours, if it does, i will jump in, if not, letting it go

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audBeyond Technical AnalysisChart PatternsForexTrend AnalysisUSDusdaudWedge

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