Trend following low risk trade
RSI divergence, reversal on the trendline confirmed by price action. On lower timeframe we can see MA50 acting as support as well as a bullish engulfing candle.
1:1 low risk trade if entering now. May have more entry opportunities for better risk-reward if price later pulls back to the trendline.
1:1 low risk trade if entering now. May have more entry opportunities for better risk-reward if price later pulls back to the trendline.
Note
Price rebounded from trendline again. Good entry with tighter SL
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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.