GRRR goes the roaring of the bears!

This looks like fighting so hard and on larger timeframes making bearish divergence.

See the weekly chart for example

I think we get a nice short opportunity soon if it breaks out the rising wedge. Always good to wait for a retest of the wedge and to short there. This pair I will monitor again for the big move it might give us again.

Kommentera:

Wedge was retested and price is refused to get back in, nice double top made there.

Trade stängt: målet nått:

Falling wedge in uptrend, I'm out!