AUDCAD / 4H / WEDGE
Updated
Wait for a break and close below the wedge to enter.
Watch price action closely when we hit the lower support fractal as it's a strong weekly level. Depending on the price action you can consider closing 50% of your trade and moving your SL to BE or taking all of your profits - it depends on your trading style.
The risk to reward on this trade is very good so we'll be watching this pair closely next week to see if we get a clean break!
Happy trading.
Watch price action closely when we hit the lower support fractal as it's a strong weekly level. Depending on the price action you can consider closing 50% of your trade and moving your SL to BE or taking all of your profits - it depends on your trading style.
The risk to reward on this trade is very good so we'll be watching this pair closely next week to see if we get a clean break!
Happy trading.
Trade closed: stop reached
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