A currency with cool trends is in a downturn. Currently, it is at the lower limit of the wedge, however, from the technical analysis perspective, there is no basis for assuming a rebound because the wedge line itself should not be the basis for concluding transactions, it is worth taking into account additional arguments such as Over Balance, support or resistance, etc. However, looking at the previous behavior of the pair one can suspect that the rebound will take place. Concluding long positions after a bright signal promotes from the beginning in order not to catch lows and peaks 😉
There is strong support where I have drawn lines at the very bottom of the painting. This is a strong level to be taken into account.