3 Reasons for trade setup:
Location: At bottom support
Momentum: W breakout in Willy and OBV. Just coming off a bullish divergence
Structure: Double Bottom formed, entry at confirmation.
Profit Objective : 2:1 R/R min, aiming for 50% retracement
Location: At bottom support
Momentum: W breakout in Willy and OBV. Just coming off a bullish divergence
Structure: Double Bottom formed, entry at confirmation.
Profit Objective : 2:1 R/R min, aiming for 50% retracement
Trade closed: stop reached
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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.
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.