There's not a great deal of analysis behind this trade, it's coming from a sort of double bottom
, it's approximating the 0.618 retracement
and it's way oversold in h1 and entering oversold territory on h4.
Even if we merely get a dead cat bounce there, we should have time to move stops to breackeven. I've never seen a price not bounce even a little with an RSI
Targets: the yellow trendline
and then let it ride free..