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!
Nota
potential violationNota
Hit t1Nota
stop moved to entryTrade fechado: stop atingido
good trade, t1 reached
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