Technicals only
I think market didn't move after it bounced second time from the 50000 area. Wick of the candle touched support created by bodies of candles year ago.
Double bottom is spread which gives bigger chance that the rebound will be stronger. It is still good time to enter market as the risk is very low. Also 50000 is working as psychological support/resistance area.
I set TP around 90000 or if the pair touch 200 Ema then trade should be automatically closed unless you are expecting massive movement.
SL around 45000.
I think market didn't move after it bounced second time from the 50000 area. Wick of the candle touched support created by bodies of candles year ago.
Double bottom is spread which gives bigger chance that the rebound will be stronger. It is still good time to enter market as the risk is very low. Also 50000 is working as psychological support/resistance area.
I set TP around 90000 or if the pair touch 200 Ema then trade should be automatically closed unless you are expecting massive movement.
SL around 45000.
