ADAUSD Channel Up into Rising Wedge. When to buy.

ForexWithJohn

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Pattern: Rising Wedge on 4H.

Signal: Buy once the prices makes contact with the 4H MA50 again (blue trend-line) as it is near the Higher Lows trend-line of the Rising Wedge .

Target: 0.48000 (just below the 1.236 Fibonacci extension , which has been projecting the Higher Highs within the Rising Wedge ).
 
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