As we can see the wedge has been broken. We are now waiting for the retest of the wedge area. When this happens and we see that it is going down we can place the trade. We can also see that the RSI is very high and at the moment it is almost above the 70 level. This is also an indicator that the price will go down. But for now it is a waiting game until the wedge gets a retest. You do not have to keep an eye out for the SL because that is something you will have to find for yourselfs because i could not find a good level for that. If you find a good SL level you can send that in the comments. The SL now is just placed so that the ratio becomes 3
Let me know in the comments what you think of it.
Let me know in the comments what you think of it.
Comment:
Trade starting to go our way. Will leave this one running over the weekend