Now the rising wedge (reversal) pattern looks rock solid with 4 touches at top TL holding off a breakout. But at the same time Wedge reliability & success rate is below 50%. So I watch with caution as a failed wedge pattern would mean price breaking out of that upper wedge (resistance). Potential wedge Price Objective target on breakout of lower TL sits around - 1.1950. Prior to overall wedge PO, partial take profits levels include 1.2130 -1.2100 & 1.2065 - 1.2036 respectively.
Failed wedge could accelerate price to 1.2400 - 1.2465.
So a more conservative entry approach would be allowing price to break out of wedge to ride the structure to Price Objectives.
Failed wedge could accelerate price to 1.2400 - 1.2465.
So a more conservative entry approach would be allowing price to break out of wedge to ride the structure to Price Objectives.
交易進行
BreakOut Confirmed!交易結束：目標達成
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