Looks like we have a double bottom on the 15m chart. And a bullish engulfing candle on retest of the low (second part of double bottom on the 1 hour ). Looking to go long up to resistance line 2. Once we get to resistance line 1 I will roll my stop loss to break even.
Take Profit: 42 Pips
Stop Loss: 22 Pips
Take Profit: 42 Pips
Stop Loss: 22 Pips
Trade closed: stop reached:
Once I saw a closing candle under the previous lowest close of the "double bottom" I closed out the position, loss of around 10 pips.