GBP/USD Rising wedge Sell setup 200 pip move Short

British Pound/U.S. DollarFXCM

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⋅ 5. Sept. 2013 14:17

GBP/USD Rising wedge sell setup 200 pip move
Setup: place trade at break out. This breakout is happening now.

Calculation of rising wedge
Low is 1.5461 minus High 1.5663 = 202 pip move down

These are the videos i learned on how to trade forex
This is a video on how to place stop out and limits on trading triangles
informedtrades.com/3355-falling-rising-wedge-trading-strategies.html

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Kommentare

exploration

⋅ 11. Sept. 2013 13:49

I closed this chart with some profit.... price action stoped me out ... target was stoped-out

exploration

⋅ 5. Sept. 2013 14:26

GBP/USD price should go to 1.5394 area on this breakout.

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