First outcome- A retest of the downward wedge resistance, bulls continue to fight, wait for bearish candle within wedge to confirm sellers are in control. Second outcome- Bulls have lost fight after battling a long downtrend. Previous long bear candle confirms sellers are in control, enter sell order if next 1-2 bear candles is split in half by downward support...
Following confirmation of bullish candle, expecting a retest of the highlighted price region within the next 2-3 days of trading. Trend continuation with a series of small pullbacks. Set TP in line with previous resistance (green horizontal) and SL 5 pips below previous low swing. Trail SL.
Following confirmation of bullish candle, expecting a retest of the highlighted price region within the next 2-3 days of trading. Trend continuation with a series of small pullbacks. Set TP in line with previous resistance (green horizontal) and SL 5 pips below previous low swing. Trail SL.