I see long term broadening wedge on weekly, I buy

strong r/r for a bounce, can easily define exits and high % of mean reversion trade. GL

Trade wurde manuell geschlossen:

Easy 10% gain in 2 weeks. Closed trade. Next way to play this would be trying to buy a day trade breakout of the range, or if it went back to range lows.

Trade ist aktiv:

Perfect Re-entry opportunity. Mine shows a weekly, but if you draw the resistance wedge trendline on the daily chart, it has broken out and retesting the resistance as support and previous resistance level of 11.45 as support, another good R/R opportunity with stops with some form of close if breakdown back into the wedge.

Kommentar:

took 10% profits here at nice 2% gain and moved stop to entry of 11.45 GL!