XBRUSD: Falling Wedge

XBRUSD, H4

XBRUSD tests the upper border of the bullish falling wedge and 83.30 resistance. 50-MA adds an extra layer of resistance, and the Momentum oscillator crosses the 100 line from above that, potentially giving a bearish sentiment.

• If the price surpasses the 83.30 resistance, it will trigger a rise to 84.20 level;
• However, if XBRUSD rebounded from the upper border, the corrective decline will drop the asset to 81.90.

Conclusion

In conclusion, trading CFDs carries inherent risks. Success in this field demands effective risk management. To minimize costly errors and capitalize on trading opportunities, it's crucial to conduct thorough due diligence and manage risks diligently.

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