AUDCAD triangle after the sudden drop

Wedge followed a sudden drop after COT readings were a surprise. One false bull breakout towards the end of the wedge, high chance of a real breakout. Trigger line moved to the breakout level. If PA touches the line, long position will be triggered. SL is placed at the wedge boundary, TP placed at the first rebounce of the drop, matching with the .5 level (see fibb.)

Trade geschlossen: Ziel wurde erreicht:

Could've let it run longer, but that would be an impulse decision. All went as planned as far as I charted.