We have gotten a second chance to play this bearish wedge. After the previous trade which failed, but gladly was just a small as usual. Not the previous candles are very bullish, but i think this wedge is legit so i don't see it getting above that previous high. I am going to split my entries in 2, i am going to risk one part here, if that trend line on the left and the green box breaks and going to wait a bit for the second half.
Previous analysis:
Previous analysis:
註釋
Still above the green support, looks like it is still very strong. So still not active註釋
Second half will get in if this green support breaks註釋
its tanking down now :)註釋
Perfect trade so far, it was starting to look a bit dangerous a few days ago, but the wedge was still in play and gladly enough, we did not see a stop hunt getting above our stop loss. Now i am moving stops to entry for a free trade and i am taking 25% profit at the current price. The fact that the retest of the resistance went up so high, makes my whole short idea a bit less perfect. So just locking in some profit here.
註釋
There is a chance we have a small bullish wedge here on the left. So just in case i am going to use 2 levels here. I already took 25% profit at the exact low on Friday (sometimes NOT being greedy works out :) ) Anyway, i am going to do 25% at the first red zone and the remaining 50% at the second one.
Even if we move higher, but stay below the highs, i might just short it again.
註釋
Seems that wedge on the left is still in play, but it is already weakening though, so it could be the move up is already over. The first 25% stop got hit, so another decent profit in the bank :) and another 50% is still running. I could close it as well, but it starting to look like the move up is over already, so i am going to keep it. Even if the stops hits, it's not much but still a profit. But if it works out, the profit is very good. So in other words, good risk reward to keep it. 
註釋
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