IDA: Enter long after bullish engulfing candle
Bullish engulfing candle formed on 16Jul within the upwards channel. Low MFI indicates oversold and is moving higher (bullish). Look for an entry close to the bottom of the channel for a good risk:reward. Update your entry point and stops on a per day basis.
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.