XBRUSD: Falling wedge

XBRUSD, H4

On the H4, XBRUSD formed a falling wedge pattern. The price is testing the upper trend line and AMA. Momentum has risen above 100.0, indicating a possible upside.

• It is possible to consider buying XBRUSD ONLY if it consolidates above the trend line and 72.70 with a target of 73.60;

• A rise above 73.60 will make the next target 74.70;