Description
⋅ Long term trend - Long
Nature - Corrective phase
Pattern - Rising wedge
Stoploss - 50 pips
Risk: Reward - 1:4
Rising wedge is a reversal pattern highly suggestive of a change in trend to SELL.
Trade active
⋅ Trade is active now.
Have cut my losses to -0.5% (ie. stop loss moved from 50 pips to 25 pips)
Ones the trade moves more in out favor shall breakeven
Trade closed manually
⋅