i'm seeing 2 breakout possibilities , sinds there is a bullish trend on the daily i prefer to go for the long breakout if price breaks the high at the start of the wedge , the R/R is low but i think that in exchange this will be a high probabilitie of a winning trade, there is a possibility of making this a swing trade based on the H4 . the perfect scenario would...
I'm treating this as a breakout , i was really hesitent about this one , i could of gone with a tighter stop loss but went with the safer route of putting it behind a second small barrier .
UPDATE : on second thought i wouldn't take this , but i'm going to let it go to see where it's heading , the reason why i shoudln't of taken this is the recent high recistance
Counting on a small pullback in the other direction of my previous EUR/USD short on the daily , i'm still hesitent about the 1h time frame so i'l keep a nice RR of 2 with a reasonable stop position behind a price barrier .
