I am going long here. We have a reversal candle on the daily, but no other confirmations. Risk reward is good, but this is a high risk trade, as we dont have the confirmations on our side. Capital management(low position size) is strongly recommended.
Note
a bit in profit off the expected up move. We can move stop loss to entry or slightly above in case this is a fake out rally.Trade closed manually
my stop got hit at entry. We'll look for lower entry points, or better confirmation
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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.