One Entry is NOW, but risk to reward is only 1:1. It could be accepted because there is bigger upside possible than shown here.
Second entry may be missed because it asumes another little move down in the correction we are in on 15M Timeframe.
Price did not touch the 0.618 retracement yet but came very close. Anyway there is some smell of "2618 Trade here".
(This is not a Tradecall, you are responsible for the money you put into that and the risk you take... unless you are with a big bank ... then it is proberbly my risk... )
Second entry may be missed because it asumes another little move down in the correction we are in on 15M Timeframe.
Price did not touch the 0.618 retracement yet but came very close. Anyway there is some smell of "2618 Trade here".
(This is not a Tradecall, you are responsible for the money you put into that and the risk you take... unless you are with a big bank ... then it is proberbly my risk... )
Order cancelled:
Price never gave me confirmation around the 1.3765 area.
Now idea is invalidated by the market.
Now idea is invalidated by the market.
Comment:
Criteria:
- As you can see the stopps of a uncareful 2618 trade entry would have been taken out.
- Wait for some kind of price action that allows you to enter long after that former dobble bottom was erased.