Textbook divergences setting up for INS, presenting a nice risk/reward trade.
My reasoning:
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My reasoning:
- Structure: Double bottom.
- Divergences: Triple div - OBV, histogram (unconfirmed) and RSI.
- Location: Below value on VPVR. Profit target slightly above value on VPVR. Currently at swing low from 17th August last year.
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Trade closed: stop reached