Price broke out of rising wedge and formed a lower low. Price made a retracement and now bounced off resistance in the form of 50 EMA and 61.8 fib retracement. We also have confirmation in the form of MACD divergence. We can expect next move to be to the low of the wedge pattern.
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Comment:
I set my SL to breakeven
Trade closed: target reached:
Target was reached