Wait for higher low pullback after price breaks out of the wedge to enter longs. (read text on chart).
Trading Idea - NOT INVESTMENT OPPORTUNITY
Comment:
I would exit the trade now, cut losses short and wait until we break out of the wedge into higher low and higher high before entering long. Break through 19.50 level and bounce off using it as support for longs.
Wouldn't look for shorts unless we come below 200ema and get a clear pullback.
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Wouldn't look for shorts unless we come below 200ema and get a clear pullback.