Description
⋅ 3 Reasons
Location: Within RLZ
Momentum: Bullish Divergence confirmed, W confirmed in Willy.
Structure: Double Bottom structure forming, entry at confirmation and risk against structure low.
Profit objective: 2:1 R/R min
Trade closed: stop reached
⋅ Our Stoploss was hit and we have exited this trade. The Double bottom was confirmed however the rally was not strong enough to keep the momentum.
Comment
⋅ It took awhile but eventually our target was hit. If we had not set a stop we would have gotten our trade! Next time =)