Just finished a 3rd of a 3rd extended wave. Bullishness is still developing in the indicators. I Will give a close up view for what I expect in the short term. Long-term targets will be the following swing highs in green.
Trade active
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Right now we are retesting the previous resistance on the descending wedge as support. Looking for a 580 pip return on a 7+ RR on this trade. Wave count looks pretty clear and indicators are showing bullishness. I'm liking this trade setup and have entered.
Comment
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Expecting the progression to look a bit like this along these supports and resistances.
Trade closed: stop reached
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Stop was hit. Found support on the bottom of the descending wedge, but may eventually break it.