I try to keep an eye on it and will short if the support breaks.
Will update it later,
Give me some feedback and thanks for reading!
R:R 1/2.72, so worth the risk.
If it drops and looks good, I'll consider just closing a part at the TP.
Still in a negative position but no stoploss.
The good thing is that this wedge is closing in faster and would have the same outcome as the big one this analysis started with: Down!
I'm not planning on closing this one manually, let the analysis do his work and ride with it.
Will be updating this as this is a great learning for now and later.
It is a good sign for me that the wedge was solid, the profit was even greater than I would have expected from this pattern.
What went wrong, clearly the stop. If i didn't put that tight stop this was a good profit instead of a loss.
This are things you always see afterwards, but we're remembering this for the next one.
Notice: The drop could also have happened not because of this wedge but because of the upcoming news of the quaterly employment change report released in New Zealand at 21:45 GMT