At this point, you can enter a long position, set your stop loss just below the resistance level or consolidation zone, and set your target to height of the downtrend wedge pattern from this level.
Note: Consider this post as an educational purpose of Downtrend Wedge Pattern (Falling wedge). Before taking any trade, decision don't forget to take advice from your financial advisor.
Note: Consider this post as an educational purpose of Downtrend Wedge Pattern (Falling wedge). Before taking any trade, decision don't forget to take advice from your financial advisor.
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📈 Trade Smarter with TradZoo!
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📲 Android App: bit.ly/TradZooApp
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🍎 iOS App: bit.ly/TradZoo-iOS-App
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📲 Android App: bit.ly/TradZooApp
📲 Forex App:tradzoo.com/forex/download
🍎 iOS App: bit.ly/TradZoo-iOS-App
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.