BVT
has formed a "open/close above stomach" pattern which is a strong reversal signal.
It works as follows: After preceding downtrend, the second candle opens and closes above 50% of the long red body.
Along with today's upward movement, we can expect it to reach our target at the next resistance level
It works as follows: After preceding downtrend, the second candle opens and closes above 50% of the long red body.
Along with today's upward movement, we can expect it to reach our target at the next resistance level
Trade closed: target reached:
Nice successful trade
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