This setup is speculative buy. As we know the price still downtrend and already break previous support. but we have one big bullish candle engulf 4 previous candles. This could become a false break RSI also show a bullish divergent.
Not a big fan of entering the trade against the the current trend, but your idea is definitely correct, the only thing, I would just enter a little lower. But that’s just a personal preference of tighter SLs. Let’s make some pips then🍾 Good job on this one mate 👍🏼📈
tom_mok
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@Investroyllc, yeah me as well, that's why i called this speculative trade and reduce the lot size.
thanks mate..
abel11
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i can also see a bullish divergence, thank you for sharing
tom_mok
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@abel11, thanks dude, hope we can have a profitable trade