For this trading I'm looking for this broadening pattern to break out by 30 pips in either direction. It looks like this support level
has already become resistance but I will be waiting for a breakout to get in on it. Target 1 in is at roughly the price range of the beginning of the wedge
. The second Tp is at 30 pips less than the range from the lowest candle in the wedge
to the highest. I put it 30 pips before the range because I'm waiting for a 30 pip breakout to enter the trade. Stop loss is 50 pips due to my account and position size.
Stop Losses : 137.91
Take Profit 1 : 135.81
Take Profit 2 : 136.31