Long at Wedge + Breakout Failure
Updated
1) Wedge at bottom of Long-term Trendline Breakout Failure, also Double bottom. Strong Bullish Signal Bar, Good Context, Ok Buy for at least a scalp up, depending on Follow thru perhaps reach upper support at 0.7740.
Trade active
Actually I was wrong about profit target, this is NOT a scalp, this long should be taken as a swing, looking for at least 2legs ups.Trade closed: stop reached
Note
Mistake: Should've set my Stop order with more buffer above bullish bar, got triggered by the spread :(
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.