I' won't trade the smaller ABCD, the idea is to buy when the price is really oversold, but a reversal pattern and confirmation is still needed, the structure where the stops should be is too far.
REMEMBER: Use this information to get ideas for YOUR analysis, don't trade blindly what other traders trade.
REMEMBER: Use this information to get ideas for YOUR analysis, don't trade blindly what other traders trade.
Comment:
Price did a little bounce on our zone of interest and went into oversold on the RSI, still waiting for that Double Bottom.
Trade active:
We got our reversal pattern in a lower timeframe and the price just hit the 1st target by now
Trade closed: stop reached:
Just got target one.
