on pound new zealand we see a local rising wedge in a clear downtrend, though the breakout can occur upwards or downwards, in a bearish trend I am looking for continuation signals. As the breakout occurs, wait until the candle closes below structure. The initial target is based on the market low.
@Amberdove, thank you! I trailed my stop 1.845! trade is still active
viraltrade
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Hi! I think now it's a good time to start selling. TP for .8299? Thanks!
VasilyTrader
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@viraltrade, yes man, clear violation of local support! bit above 83*
viraltrade
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@VasilyPonomarev, Thanks!
Shahen12
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when to sell?
VasilyTrader
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@Shahen12, hello, three options for you here:
1) sell right now following the broken wedge
2)sell the retest of the wedge line
3) conservative sell - wait and sell the violation of a local head and shoulders pattern