The price has not yet hit its weekly resistance level
, so still has potential to reach this, yes it has broken out of the ascending wedge
, however, it has met support at the 4HR level thus has created an indecisive hammer
, usually occurring when the price is about to reverse. I have taken out the trade based on the 4HR timeframe and i believe price will reach a minimum of the next 4HR resistance where i have placed my TP.
TP @ 1.2593
SL @ 1.24847
R/R @ 1.72