Entry @4028, which is bottom of the wedge (=support)
Take profit level 1 @4255, which is the top of the wedge (=resistance)
Stop just below bottom of the wedge @3999
Possible gains: 5.6%
R/R: 7.75
Loss if stopped out: 0,7%
Re entry @4266 if wedge breaks out to the upside
Take profit level 2 @4440, which is just below next monthly level of 4445
Stop of 1% if breakout fails @4223
Possible gains: 4,1%
R/R: 4
Loss if stopped out: 1%
Total profits if both trades are success: >9%
Take profit level 1 @4255, which is the top of the wedge (=resistance)
Stop just below bottom of the wedge @3999
Possible gains: 5.6%
R/R: 7.75
Loss if stopped out: 0,7%
Re entry @4266 if wedge breaks out to the upside
Take profit level 2 @4440, which is just below next monthly level of 4445
Stop of 1% if breakout fails @4223
Possible gains: 4,1%
R/R: 4
Loss if stopped out: 1%
Total profits if both trades are success: >9%
Trade closed: stop reached:
Alas, did not work out as planned.. stop reached and trade closed.