Rising wedge - Sell

jetly232 Updated   
FX:EURUSD   Euro / U.S. Dollar
Long term trend - Long
Nature - Corrective phase
Pattern - Rising wedge
Stoploss - 50 pips
Risk: Reward - 1:4

Rising wedge is a reversal pattern highly suggestive of a change in trend to SELL.
Trade active:
Trade is active now.
Have cut my losses to -0.5% (ie. stop loss moved from 50 pips to 25 pips)
Ones the trade moves more in out favor shall breakeven
Trade closed manually


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