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Captain_Walker
16 apr 2019 19:36

GPBAUD (4h) - Probable long position Long

British Pound/Australian DollarFXCM

Descrizione

The tip of the current position with GBPAUD (4H) looks like it is near the end of a contracting wedge pattern. We also see some huge scallops.
This may not be a great position. But in situations like these I'd take a stoploss. This could be tricky because one has to expect price to fall out of the wedge and then return inside, moving up. But it could also break out and down in which case the setup fails.
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