I would like to say first of all, i could def be wrong. Market can do anything whatever it wants.
But due to so many factors pointing towards a bottom, this is very low risk trade idea. And this is just a speculative idea which is based on :-
1) Retesting of support
2) Massive volume indicating, Longs that bought at high liquidated and that is a good sign.
3) Oversold on 1H, 2H, 4H and Massive Bullish Divergence on 4H.
Every detail is specified in the chart.
I would be happy if my ideas would be shown some support or some interaction with other TV community would be nice and would make posting ideas a worthwhile.
Enjoy and Safe trading everyone.
But due to so many factors pointing towards a bottom, this is very low risk trade idea. And this is just a speculative idea which is based on :-
1) Retesting of support
2) Massive volume indicating, Longs that bought at high liquidated and that is a good sign.
3) Oversold on 1H, 2H, 4H and Massive Bullish Divergence on 4H.
Every detail is specified in the chart.
I would be happy if my ideas would be shown some support or some interaction with other TV community would be nice and would make posting ideas a worthwhile.
Enjoy and Safe trading everyone.
Trade closed manually:
Apologies for not updating my idea. From time i published my idea it jumped 45-50%. But it didn't reach my Target point because my long term view was wrong. But if anyone would have taken profit or updated their stop loss to breakeven or in profit then they would have been fine. Otherwise, overall this idea did fail but not completely. Short term it worked but long term it didn't held up.