So, we have a breakout of the red trendline with a rising wedge that is filled right at resistance level. already in a small sell position from 1.2315 and aiming to close it at around 1.2180. Stoploss very tight. Might add more positions if breakout to the downside of this wedge confirmed.
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Closing position at 1.2205(+110pips). If we get a small correction to 1.2260, might re-enter.
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Re-enter at 1.2300 with stop loss at 1.2340
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stop reached. -40pips
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Re-entering on this rejection. entry: 1.2315. Stop: 1.2350