tntsunrise
Short

EURUSD 1H WEDGE SHORT

FX:EURUSD   Euro / U.S. Dollar
4252 17 107
EURUSD             1H WEDGE SHORT
Breaks the wedge , Short the pull back
Comment: EUR did pull back to 1.1388
and now is 1.1117
200 pips +
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Could I know why you put RSI 7 on chart and sometime RSI 14?
Reply
You're saying a Pullback to 1.1388 after break the wedge?
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i guess u left your order waiting for almost 15 days?
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Hi Jack, does a pull back or always happen? What if it doesn't happen, meaning the price keep going down until it hits the target? or if the pull back does happen but not to the the backside of the support of the wedge. Do you still sell, without having a pullback, or do you stay away from the trade?
Reply
Yassine Yassine
Thank you for your contribution by the way.
Reply
good question , i am always confused about this too...
Reply
not always happen. what if doesn't pull back, then just don't trade.
just ask your self a question: you want to sell low by chasing the price, or you prefer to sell high when it pulls back?
+4 Reply
i agree, maybe also libre pattern at 1.139.....
Reply
What is the logic there?
Reply
tntsunrise Trendliner
logic is simple, break out an retest
+2 Reply
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