I've been looking at this wedge last week and thought it would take longer to break so waited before posting.
Now it looks like it's already making an attempt to break the resistance of the wedge.
Trading it directly as shown on the chart.
Good risk reward ratio and tight stop in case of a false breakout.
Looks very bullish at the lower timeframe so this is a good moment to go long.
Thanks for reading, I hope you like my view.
Feedback is welcome.
Wesley
Now it looks like it's already making an attempt to break the resistance of the wedge.
Trading it directly as shown on the chart.
Good risk reward ratio and tight stop in case of a false breakout.
Looks very bullish at the lower timeframe so this is a good moment to go long.
Thanks for reading, I hope you like my view.
Feedback is welcome.
Wesley
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Can’t change it anymore, and that’s the good thing of tradingview. But this is not a rising wedge but a falling wedge.
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Will take a look later what happened, looks like a too tight stop now but I don’t re-enter. Do not want to overtrade.
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