Wedge broke earlier today, I'm long from 1.0980 with a small position and am now looking for a re-test or small correction to add longs.
Setup on chart are based on an 'ideal entry' (re-test) example.
Setup on chart are based on an 'ideal entry' (re-test) example.
Trade active:
I got some decent entries: 1.1020-1.1015-1.1010-1.1005 when it was moving down in a possible ABC correction (I used an AB=CD pattern to try and predict the C leg), I shorted the move down from 1.1020 with a larger position and closed at my last entry, so my risk is now actually zero...
It it works out this will be a nice trade!
It it works out this will be a nice trade!
Trade closed: stop reached:
And down she went...
After that the news missed the SL of the tight entry on the 5min setup by a few pips only...!
Still on for me! On to the next targets, I adjusted a little: 1.1115 and 1.1210, SL below the low of today should be safe now, I am currently at 1.0980...