Recently we had a break out of the descending wedge after getting a higher low. The breakout failed to break a significant level (94.6) level which is why this was a corrective break set up. As it was a corrective break, we saw a deeper complex correction.
Deeper correction:
Price is currently testing the higher significant low (indicated on the chart), which previously gave us a break out of the major descending wedge . We look to be in a smaller descending wedge now where price is being squeezed and looking like it will breakout soon.
As we're anticipating USD strength, we will be looking to short XXXUSD pairs.
I will be posting the best USD set ups below. Do like and comment to show your support!
Deeper correction:
Price is currently testing the higher significant low (indicated on the chart), which previously gave us a break out of the major descending wedge . We look to be in a smaller descending wedge now where price is being squeezed and looking like it will breakout soon.
As we're anticipating USD strength, we will be looking to short XXXUSD pairs.
I will be posting the best USD set ups below. Do like and comment to show your support!
Want more chart ups like this? Click the links below:
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Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.