As always when taking a trade, look for at least three types of confirmation.
This is where the butterfly completes, together with the trendline resistance and the 61 fib from previous leg down.
This trade offers a great risk/reward ratio right under the inverted hammer.
Never risk more than 2% of your capital.
Good luck.
This is where the butterfly completes, together with the trendline resistance and the 61 fib from previous leg down.
This trade offers a great risk/reward ratio right under the inverted hammer.
Never risk more than 2% of your capital.
Good luck.
Comment:
Trade Active.
Comment:
Just realized that the stop loss isnt put above the pinbar on the chart. As it of course should be.
Comment:
First target hit. Profit taken and SL moved to breakeven.
