Ok here it is :
If price reaches to the trend resistance line I am looking to short also stops are set above the previous horizontal resistance lines and it is also above the fibonacci 0.618 retracement and it gives us a very good risk to reward
tight stops can be placed because if it breaks higher the wedge pattern is not valid anymore
Btw if youre interested here is my strategy that really works for me :
Less risk Great reward with chart patterns, RSI divergence and bollinger bands and I also draw alot fib clusters,time etc...
If price reaches to the trend resistance line I am looking to short also stops are set above the previous horizontal resistance lines and it is also above the fibonacci 0.618 retracement and it gives us a very good risk to reward
tight stops can be placed because if it breaks higher the wedge pattern is not valid anymore
Btw if youre interested here is my strategy that really works for me :
Less risk Great reward with chart patterns, RSI divergence and bollinger bands and I also draw alot fib clusters,time etc...
Trade stängt: målet nått
