TCC | Double Bottom Breakout - Trading Setup
Price action and chart pattern trading setup
> Double bottom trend reversal pattern breakout with strong bullish candlestick
> 1st entry at breakout and 2nd entry at pullback
> 1st target zone at 0.786 and 2nd target at 1.000
> Stop zone at the double bottom area
> Recommended risk reward ratio at 2:1 for medium term trade
Indicators:
> RSI bullish trend above 50 and MA line.
> MACD golden crossed signal line just below baseline 0
Always trade with affordable risk and respect your stoploss
> Double bottom trend reversal pattern breakout with strong bullish candlestick
> 1st entry at breakout and 2nd entry at pullback
> 1st target zone at 0.786 and 2nd target at 1.000
> Stop zone at the double bottom area
> Recommended risk reward ratio at 2:1 for medium term trade
Indicators:
> RSI bullish trend above 50 and MA line.
> MACD golden crossed signal line just below baseline 0
Always trade with affordable risk and respect your stoploss