break out confirmed long entry. The spread on this pair is poor but worth a crack. trading these small intra day patterns i use a 5 candle break out rule as shown on the chart.
I'll exit position if in profit on the close of the 5th candle.
if not ill place a profit target and maintain a stop loss.
for a confirmed entry candle must close out side the wedge or channel as shown.
I'll exit position if in profit on the close of the 5th candle.
if not ill place a profit target and maintain a stop loss.
for a confirmed entry candle must close out side the wedge or channel as shown.