Look at that nice reversal Candle at the downside of the Channel.
That looks really awsome, i just have to trade.
Very Nice RR.
To sum up
- reversal candles
- channel downside
- RSI oversold
-Nice Structure level
TAKE PROFIT AT Structure levels Above. T1
AND you could choose to divide your Long Position into 2 parts.
One taken off at T1, then trade to break even...
i did enter a Long trade like described in the Chart. Target will be hit soon like i hope :)
After that i will wait till we got a nice reversal Candle at the Trendline (black)
Short Trade till the Trendline (red, Daily ) Check it Daily, you will see.
And after that, we will see a bound of the Daily (red) line or a break below.
Dont forget, get your...
Check the Chart :)
Sadly missed the Entry but maybe we get a bit more upside on the Hourly.
So i will Short dat one at Around 0.869 or 0.87
TP as in the Chart.
IF T1 reached, rest of position to Break even riding it all the way to T2.
All in the Chart.
Maybe you choose the SL bit lower cause it may overshot, take all Stoploss and Shoot back up again.
you dont want to be the guy/girl which SL is taken immediatly the whole thing snaps back up ;)
Were Waiting for the 1618 extension to be hit, which comes togheter with the bottom of a daily Channel
we have a A=B leg !
We aim for the 0.618 Retracement which comes togheter with the Upper Side!
THAT WOULD BE NICE! NOT? ;-)
What do you think?