Here you can see the for reasons: 1) in a upside channel the price bounce from the lower part with a nice Hammer 2) The ichimoku shows the price bounce from the kumo support 3) The force is with the bulls as the Chico appears over the close 4) The beautiful cross over in the stochastics returning to the "game zone".
Just wait for the actual 4h candle be close and if the price go above 28.94 start a buy When the price touch the 29.08 you may place your stop at break even.
The risk reward is not so great in this trade.
Comments
7pasos
⋅
As I told yesterday in my radio show I'm not in this trade as the risk reward got even more tight but the signal still valid to those who want to take it.
maniekb
⋅
Nice. We will see what happen. On daily we have brokeout mid trend line, and now it is some opportunity to get some pips on Long trade. But have to protect with slim stop loss.