Hi guys,
today gaps have ruined lots of opportunities for my trading strategies, but here in gbpchf we have a nice double bottom (with RSI divergence) at a previous higher timeframe support.
According to my rules, if the current candle closes engulfing we are going to enter the market with two positions, one with a risk to reward of 1 and another with target set at higher timeframe structure level.
I'll let you know how it develops.
today gaps have ruined lots of opportunities for my trading strategies, but here in gbpchf we have a nice double bottom (with RSI divergence) at a previous higher timeframe support.
According to my rules, if the current candle closes engulfing we are going to enter the market with two positions, one with a risk to reward of 1 and another with target set at higher timeframe structure level.
I'll let you know how it develops.
Comment:
The last candle was not engulfing, but until we close below 1,2018 we are searching for engulfing candles in order to enter the market.