On the left we can see a big bull flag and the wedge i have drawn as well, both of them failed. Now we have a smaller bullish wedge in the making, could also fail but the RR is way to good to ignore this one. I am trying half here at the low and the second half when it break the wedge.
Trade closed: stop reached:
It started to turn up slowly and looked like the start of the move up, but it got dumped pretty fast again. This shows how important fundamentals are in FX trading. This is the second bullish wedge that failed in a row.
I won't touch it for now, maybe if we get above today's high again.
I won't touch it for now, maybe if we get above today's high again.
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