3 Reasons:
Location: Within near bottom structure, W has formed right off 0.618
Momentum: W confirmed on Willy n OBV. Willy has left being oversold n being stupid.
Structure: Double Bottom, enter at confirmation of W. Risk against structure low
Profit Objective: 2:1 R/R min.
Location: Within near bottom structure, W has formed right off 0.618
Momentum: W confirmed on Willy n OBV. Willy has left being oversold n being stupid.
Structure: Double Bottom, enter at confirmation of W. Risk against structure low
Profit Objective: 2:1 R/R min.
Trade closed: stop reached:
Our Stop was hit and we got out of the trade before the heavier dip.