Three things made me enter the trade.
1 and 4 hour RSI oversold.
Fib extension confirmed support.
Bullish crab pattern formation at fib extension.
Will probably keep SL wide, as average true range ( volatility ) for this pair is higher than I would like.
1 and 4 hour RSI oversold.
Fib extension confirmed support.
Bullish crab pattern formation at fib extension.
Will probably keep SL wide, as average true range ( volatility ) for this pair is higher than I would like.
Trade active
Entry: 1.08600 SL: 1.08444
TP 1.09149
Trade closed manually
Closed with a 140 pip gain
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.