It should take some time to recover to 1x and 2x.
it is retracing. the top for this up swing should be waited patiently - which gives the top range of the bottom, as well as the short entry point.
price going outside of the range could trigger inverse orders.
tp is 70% of the STDDEV (5day).
RSI choose a smaller timeframe such as 5D/10D. watch closely to adjust your tp and entry point. SL is 2/3 of the profit.
it is retracing. the top for this up swing should be waited patiently - which gives the top range of the bottom, as well as the short entry point.
price going outside of the range could trigger inverse orders.
tp is 70% of the STDDEV (5day).
RSI choose a smaller timeframe such as 5D/10D. watch closely to adjust your tp and entry point. SL is 2/3 of the profit.
Comment:
very strong reverse shape - expected recover level @17, @21, @24