rising wedge and weakening momentum

hey traders,

on pound cad the market has reached a decent level of structure,
and RSI on a daily chart is overbought.

Indeed, on a 4h chart we can see a weakening bullish momentum with a clear rsi divergence

the market has formed a nice rising wedge pattern,
bearish violation of it will give us a great opportunity to sell the market.

targets will be based on structure and stop will be above higher high!

good luck!

Yorum:

potential violation

Yorum:

Hit t1

Yorum:

stop moved to entry

İşlem kapandı: durdurma seviyesi:

good trade, t1 reached