Descending wedge pattern on GBPAUD
Mis à jour
Not much in the markets for me today, but I have been following this pair for a while, and I am currently backtesting it. I wanted to show you guys a set up that caught my attention. We just made a huge move up, breaking structure. Just after that, the price put a beautiful descending wedge.
Now, what is the story that I get from this? : I see that the price is desperately trying to go down but it is unable to do so and it is consistently being punched in the face. Therefore, I expect that the bears will get tired of being punched and will just give up.
Now, what is the story that I get from this? : I see that the price is desperately trying to go down but it is unable to do so and it is consistently being punched in the face. Therefore, I expect that the bears will get tired of being punched and will just give up.
Note
Beautiful set up; I hope I get an opportunity like this one in my portfolio.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.