3 Reasons:
Location: At New lows support.
Momentum: Divergence confirmed, Double W's in OBV n Willy
Structure: W confirmed, enter at confirmation of double bottom and risk against its structure low.
Profit Objective is 2:1 R/R min, aiming for Fib 50% retracement
Location: At New lows support.
Momentum: Divergence confirmed, Double W's in OBV n Willy
Structure: W confirmed, enter at confirmation of double bottom and risk against its structure low.
Profit Objective is 2:1 R/R min, aiming for Fib 50% retracement
Trade closed: target reached:
We have hit our 2:1 R/R and taken our trade out.
We have hit our 2:1 R/R and taken our trade out.