Pros
- Double bottom
- First high low
- Test of the last
- Weakness of the dollar this week.
- Above the uptrend on the weekly timeframe.
- Bullish on longterm.
- Correction of 38.2/50 of the last bearish wave.
- The objective of the formation is too aggresive.
- The commoditie index is at a resistance level + divergences.
- Countertrend on daily timeframe.
- Buy when the price break the resistance level at 0.116.
- I prefer to manage the stop dinamically, moving it to the last low, instead of wait for the whole TP. The position is too aggresive.
Trade closed: target reached:
You can move the stop to 0.1204 to reach 0.1264, but i prefer to close all, it's risky.