- In my previous analysis of this pair, I identified price was at the support level of a broadening wedge pattern: **This pattern was wrongly identified as an ascending broadening wedge, it is infact a standard broadening wedge.
- Now we can see clear rejection of this support level with the formation of a bullish inverted hammer candle
- Looking for price to ascend back to the ascending trend-line resistance now
- If price breaks below the mentioned support level this will invalidate the pattern
THIS IS NOT TRADE ADVICE NOR A TRADE CALL
- Now we can see clear rejection of this support level with the formation of a bullish inverted hammer candle
- Looking for price to ascend back to the ascending trend-line resistance now
- If price breaks below the mentioned support level this will invalidate the pattern
THIS IS NOT TRADE ADVICE NOR A TRADE CALL