Plain and simple rising wedge on EUFCHF. Purple wedge could turn into orange wedge if pushed higher. Good R&R as with most wedges. Safe trading.
Comment:
Perfect entry, trade active, wait to move stop until further downward movement to avoid being stopped out.
Trade active:
move stop to entry at 0.99550 for a free trade
Comment:
Stop to entry is safe now, enjoy the profit without the risk :)
Trade closed: stop reached:
Stop hit for slightly over break even. Very important to place trailing stops in winning trades to preserve capital. This is a great example.