After a break of the top downwards sloping trend line part of the wdedge that's recently formed here. Re-test and then I'm long, tight stop here as there is crossing over the longer term weekly and monthly upwards sloping trend line also. Good RR of 1:5 here so worth the trade for me at a 2% risk.
If price tanks today before the weekend I'll either cancel the order if not hit, or potentially look to close out before SL if price action doesn't show any long potential
If price tanks today before the weekend I'll either cancel the order if not hit, or potentially look to close out before SL if price action doesn't show any long potential
Comment:
Just missed entry here so no trade taken, price played out breifly as expected, however a large tank down would have smashed through EP then SL had the entry not been removed.