2.75 reward to risk, price retrace back previous resistance trendline playing long on it to act as a reversal point and make a double top.
Note
I think this is the real first U/J pullback since its start of bullish 2012.. which add´s to the most likely outcome of retracing back to previous high make a double top or breaking high.
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.
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.