GBP/USD SHORT - CTL/Wedge/Shooting Star
Shorted this pair, price rose up to touch the CTL of the wedge it's in, then closed a doji the hour after extreme bullish momentum, then the hour after that closed a shooting star signalling me to enter the trade. The pair is in a descending wedge and i have placed my TP at the swing low and SL above the wicks immediately outside the CTL.
TP @ 1.24111
SL @ 1.24794
R/R @ 2.6
TP @ 1.24111
SL @ 1.24794
R/R @ 2.6
Trade closed: stop reached
Price broke out then continued to hit y TP.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.