GBPUSD Falling wedge
Taking long with 30min rsi divergence as a aggressive entry
For self study
The breakpoint is generally located around 65% of the length of the falling wedge.
Entry: Take a position at the breakout of the resistance
Stop: The stop is placed below(above) the last lowest(highest)
Target: Theoretical target of the pattern
Advantage: The theorical target of the pattern is almost always reached (88%).
Disadvantage: There is 1/4 of false breakouts
For self study
The breakpoint is generally located around 65% of the length of the falling wedge.
Entry: Take a position at the breakout of the resistance
Stop: The stop is placed below(above) the last lowest(highest)
Target: Theoretical target of the pattern
Advantage: The theorical target of the pattern is almost always reached (88%).
Disadvantage: There is 1/4 of false breakouts
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