D1 Trend: Uptrend
Structure: 4H Rising Wedge
Reasoning: Price is a rising wedge on 4H, and stalled at 0.618 fib retr. like the previous swing
Signal: 1H price close above kijun, and tenkan crossing kijun.
Entry: Instantorder
Stop: at or a bit below the previous swing low
TP: The previous swing high, top of the wedge. Close half of lotsize at 50pips and move stop loss to break even.
Risk: 2%
Structure: 4H Rising Wedge
Reasoning: Price is a rising wedge on 4H, and stalled at 0.618 fib retr. like the previous swing
Signal: 1H price close above kijun, and tenkan crossing kijun.
Entry: Instantorder
Stop: at or a bit below the previous swing low
TP: The previous swing high, top of the wedge. Close half of lotsize at 50pips and move stop loss to break even.
Risk: 2%