PRA Long on Descending Channel Divergence [Entry Attempt #2]
Updated
Pros:
- MACD and FI divergence
- Spinning top/doji + big green candle, followed by a hammer with a really long tail. (Bear lost their strength on the big push down)
Cons:
- Profit target may be quite limited as the range will only allow for about 1.5-2R until a breakout occur
- Not clear uptrend on daily and downtrend on weekly
Overall Trade Grade: TBD
- MACD and FI divergence
- Spinning top/doji + big green candle, followed by a hammer with a really long tail. (Bear lost their strength on the big push down)
Cons:
- Profit target may be quite limited as the range will only allow for about 1.5-2R until a breakout occur
- Not clear uptrend on daily and downtrend on weekly
Overall Trade Grade: TBD
Order cancelled
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