Hi guys,
here we have a double bottom at a previous structure level on the 4hr (in this case our higher timeframe). The last candle signals also buying pressure, together with RSI divergence. That's enough for me to consider taking this trade.
Stops below the low, first target at the retest of the highs, second target at 618 retracement of the previous move.
If you want to share your opinion or just ask questions, feel free to comment below.
Otherwise, see you in the next chart!
here we have a double bottom at a previous structure level on the 4hr (in this case our higher timeframe). The last candle signals also buying pressure, together with RSI divergence. That's enough for me to consider taking this trade.
Stops below the low, first target at the retest of the highs, second target at 618 retracement of the previous move.
If you want to share your opinion or just ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Trade closed: stop reached