exploration
Short

GBP/USD Rising wedge Sell setup 200 pip move

FX:GBPUSD   British Pound/U.S. Dollar
273 2 0
GBP/USD             Rising wedge sell setup 200 pip move
Setup: place trade at break out. This breakout is happening now.

Calculation of rising wedge
Low is 1.5461 minus High 1.5663 = 202 pip move down

These are the videos i learned on how to trade forex
This is a video on how to place stop out and limits on trading triangles
http://www.informedtrades.com/3355-falling-rising-wedge-trading-strategies.html


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exploration
3 years ago
GBP/USD price should go to 1.5394 area on this breakout.
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exploration
3 years ago
I closed this chart with some profit.... price action stoped me out ... target was stoped-out
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