Dead cat bounce from current location
Bearish engulfing candles on weekly & daily charts
t1 - 1.42
t2 - 1.4
After we reach t2 we could look for potential long positions.
Bearish engulfing candles on weekly & daily charts
t1 - 1.42
t2 - 1.4
After we reach t2 we could look for potential long positions.
Comment:
so far so good. I closed the trade in the meantime since I realized a nice 1:1 gain, I will consider re-entering with a sell stop order below recent lows.
Trade closed manually