rising wedge + overbought rsi with divergence

12 mar 2019

hey guys,

nzdusd pair is approaching 0.685 level


we see that the market coils in a rising wedge pattern
with clear weakening bullish momentum
+ take into account heavily overbought rsi with divergence.

I will be looking for selling opportunities following structure looking left
and bearish breakout of a rising wedge as a confirmation.

initial target is above 0.68

second 0.676

good luck!

12 mar 2019

Ordine annullato