#OnMyRadar: GBPAUD | Wedge Breakout Trade
PLAN A: Sell the rejection or price action slowdown into the upper trend line resistance / upper wedge (2.1480), then add to my position if price action breaks the lower wedge, finds support and potentially retest the bottom of the lower trend line ( 2.1320/40).
PLAN B: If price action impulsively break through the upper wedge into resistance (double top / supply zone) near 2.1570 area, I will but the pullback as price action finds support above the upper wedge trend line / swing high 2.1420/60
Stop loss for both trade will be 35-40 pips from the highest or the lowest recent swing point created at the time of entry.
PLAN B: If price action impulsively break through the upper wedge into resistance (double top / supply zone) near 2.1570 area, I will but the pullback as price action finds support above the upper wedge trend line / swing high 2.1420/60
Stop loss for both trade will be 35-40 pips from the highest or the lowest recent swing point created at the time of entry.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.