Rising Wedge Identified | GBPUSD Sell

GBPUSD



Key Points:
1. 4h Rising Wedge Pattern.
2. Still need to break 50 EMA.
3. 1.34 Psychological resistance.
3. Rising Wedge support broken waiting for retest.




Setup Invalidation: If price returns to the middle of rectangle then the setup will be invalidated.



Entry Criteria: Wait for large bearish momentum candle on 1h or 15m and look for sell.


What do you think?