GOLD - Ascending Wedge Long! After price has been forming an ascending wedge formation over the last 3/4 days, and price has failed to break and close below the bottom of the wedge, I am taking a long position with a great R:R of 1:5 and if successful, the trade would result in +210 pips.
Trade active
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Within 15 minutes of entering this trade, price has pushed up to +40 pips and I am continuing to hold and monitor.
Comment
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+80 Pips. SL has been moved to entry (1963.81) and this trade is now risk free.
Comment
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+120 Pips. SL has been moved to +60 pips (1970.00) to secure partial profits.