potential long

I see a double bottom W formation forming. A falling wedge which is converging also intersects with the bottom at around the typical critical point 55-65% in a wedge.

Transaction en cours:

I didnt quite position my entry correctly but entered a few pips above.

Transaction en cours

Commentaire:

in hindsight, my entry was foolishly positioned below the previous test.
I only missed out on a few pips but if i was an automated trade i would have have missed out on a profitable trade.

I'm if it gets rejected at the neckline I will close it. Although fundamentals considered the USD strength may help breakout above this level