Description
⋅ We have a wedge that's formed on the 15m which coincides with what appears to be the third touch off our descending triangle.
With the upcoming news on the GBP we most likely will not be taking this trade but it's a good study opportunity.
Trade closed: stop reached
⋅ Stop loss hit with the news. As mentioned it was best to be cautious.
Comment
⋅ If you had removed your stop loss and let the trade run during the news event you would have just hit TP :)
Comment
⋅ TP for those who held during the news hit.