DODOBUSD - Getting ready to go higher.
A break out of this pennant and above 5.5 should get things going here.
If price closes below support, we'll have to wait and look for a new setup.
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Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
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Thanks !
DODOBUSD - I'm closing my position at my entry point as it seems we actually have an impulsive wave finishing here.
This could be a wave C or a smaller degree wave (i) but since I don't know at this point I rather close the position and protect myself in case it makes a sharp drop once this diagonal wave V ends.
If it keeps on going higher though, I won't regret, will then just have to look for a new entry point with minimal risk.