Looking at the inverted hammer on the daily chart with todays open above the Friday close I can see this as a short term reversal opportunity for a long entry trade. Watching the hourly chart for an entry. Entry on reversal pattern or break of trend line. (I've taken small position now keen to get the week started. :) )
Comment:
Comment:
double will add 2nd target if I get an entry on this.
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For better or worse trade active with 2 targets. (Low conviction as resistance level of double bottom is not a major level)
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profit take position 1. position 2 even. Trend in place and advancing rate.
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Risk off. manually taken profit on position 2. May look to go long at retracement, will update in a new post if position taken.
Trade closed.....