Trend: Bullish
Structure: Wedge / Support and Resistance
Plan: There are multiple ways to view this trade and I would wait for a definitive move either way before entering.
We can either wait for price to break to the downside out of the wedge then trade it as a parallel channel
or we can expect price to bounce of the lower trend line and continue the wedge pattern to upper resistance at this point we then look for a breakout to the upside and a continuation.
Structure: Wedge / Support and Resistance
Plan: There are multiple ways to view this trade and I would wait for a definitive move either way before entering.
We can either wait for price to break to the downside out of the wedge then trade it as a parallel channel
or we can expect price to bounce of the lower trend line and continue the wedge pattern to upper resistance at this point we then look for a breakout to the upside and a continuation.
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