TREND IS OBVIOUSLY DOWN. HOWEVER, I SEE A VERY LOW RISK TRADE HERE WITH HIGH POTENTIAL. GETTING STOPPED OUT IS ALWAYS POSSIBLE HERE BUT THE RISK IS TOO LITTLE FOR ME TO NOT LAY MY HANDS ON IT.
PRICE AT PREVIOUS SUPPORT HERE. PRICE BREAKING THIS LEVEL WILL RESULT IN A BAT PATTERN ON D1. ANOTHER POSSIBLE BUY ZONE BUT I WILL TALK ABOUT IT IF IT COMES TO THAT.
TARGET WILL BE 38% AND 61%.
I COULD BE STOPPED OUT AFTER AN HOUR OR A DAY BUT ITS ALL CALCULATED AND ACCEPTED RISK.