In the zone, current candle is yet to close, but if small and bullish it would be a good sign for a short term rally
Aggressive stop would be just below pin bar, conservative would be below the 113% extension, Reward to risk wise I prefer the aggressive entries while giving up win% in the process in return for higher reward to risk ratios...
Reward to risk would be 2.2:1 for first target which is good, and 6:1 for second target if hit...
Bullish RSI divergence also helps but I rarely put much emphasis on it
Aggressive stop would be just below pin bar, conservative would be below the 113% extension, Reward to risk wise I prefer the aggressive entries while giving up win% in the process in return for higher reward to risk ratios...
Reward to risk would be 2.2:1 for first target which is good, and 6:1 for second target if hit...
Bullish RSI divergence also helps but I rarely put much emphasis on it
Trade closed: stop reached:
-1R Loss
