Price is approaching a well respected support zone. Waiting for a bullish engulfing candle to add additional confidence to the trade. Once the engulfing candle closes, entry will be triggered. Head and shoulders pattern prevalent in this trade setup. First take profit level will be right around the neckline at 17.9057.
*Trading is not for everyone and losses could easily exceed investment capital. Use proper risk management and small lot sizes to protect individual accounts.
*Trading is not for everyone and losses could easily exceed investment capital. Use proper risk management and small lot sizes to protect individual accounts.