We have identified a rising wedge. We expect the price to hit the previous resistance but expect it to be reject and drop-down back to the previous support levels.
We also noticed the bearish cross-over on the MACD-line and bearish divergences.
Short on the 4h timeframe -
Entry price 24.54
Exit price 23.275
Stop loss at 24.8
Risk reward ratio: 4.87
We also noticed the bearish cross-over on the MACD-line and bearish divergences.
Short on the 4h timeframe -
Entry price 24.54
Exit price 23.275
Stop loss at 24.8
Risk reward ratio: 4.87
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