Falling wedge is a very powerful reversal chart pattern when it appears at a bottom after a prolonged decline. However, it can be traded as a continuation pattern as well.
Entry - 2420-2430 When price closes above the downward slopping upper trendline.
Stop-loss - 2275 ( Swing Low )
Target - 2600 and above.
Risk/Reward is poor. So we need to trail stop-loss aggressively once the trade is active.
I don't trade breakouts very often because it offers a poor risk-reward ratio.
Apply your trade and risk management.
Entry - 2420-2430 When price closes above the downward slopping upper trendline.
Stop-loss - 2275 ( Swing Low )
Target - 2600 and above.
Risk/Reward is poor. So we need to trail stop-loss aggressively once the trade is active.
I don't trade breakouts very often because it offers a poor risk-reward ratio.
Apply your trade and risk management.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。