2618 SETUP long for 1:1 RR of 98 pips

2618 is a good sign of reversal. On the HTF, if you think if the market would reverse (in this case from the downside to the upside) 2618 is one of the conservative way to counter trade (trading for reversals). The TP 2 is actually a 127.20% extension of the impulsive leg to the upside.

Comment:

TP 1 hit!

Trade closed: target reached:

TP 2 hit!