Price has reached correctively on the Key level as per monthly TF. It has formed a rising wedge pattern. And is expected to go short with minimum TP is the blue ray line. But it looks like it has more room to head lot lower.
Will look to scale in more position as it imprints with a continuation pattern.
Will Break even this trade ones it has crossed 1% of my SL.
Trade active
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Price is been moving impulsively as forecasted already moved SL to breakeven and from now on will look to manage and lock in profits and scale in if incase an opportunity comes
Trade closed: target reached
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This trade just happened to be a breakeven trade. Over all I am happy with the trade and will look for more setups to go short since structurally it has not changed.