rising wedge in downtrend

Hey traders,
potential trend following option.
I will sell bearish breakout of this rising wedge.
As you see the patter contracts as prices move higher and the trading range narrows + RSI divergence give as signs of potential breakout.
In trend following trades I base my first taget on the previous level of structure and then trail stop following the trend!
Good luck!

評論:

attempt to break

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potential breakout

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local bounce up

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holding short

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I expect to see retest of local structure high

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Retest of structure