olly_price
Long

CHFGBP bullish falling wedge

FX_IDC:CHFGBP   SWISS FRANC / POUND STERLING
10 months ago
I have posted a bearish trade on this same pair from a descending triangle (see link), the profit target of which is outlined here as the lower green line.

If this wedge breaks out at 7 then the other trade will be closed out and I will have to hope for a win on this trade to make up for that loss.

If the market hits the support line before the profit is met then I will manually close the trade at a profit and wait for the falling wedge to break and enter this trade.

This trade

The profit target is set at lovely previous structure.
Due to the large number of hit points and converging wedge edges a break out is imminent.
10 months ago
Trade active
10 months ago
Comment: Break out at the first possible breakout point. First profit target has been met so stop loss has been moved to the entrance point to prevent any chance of losing money.
10 months ago
Trade closed: target reached
WaveAlchemy
10 months ago
Great forecast buddy
Reply
olly_price WaveAlchemy
10 months ago
Thanks a lot mate and thanks for the follow.
Reply
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