Hi guys,
if you know my trading style you would know why am i looking at this pair: we're bouncing back from a previous daily structure and in doing so price created a sequence of higher highs higher lows giving us an additional signal upon our long bias. If you zoom in the chart you would notice a double bottom formation happened right inside that blue box that you see in front of you. Its second bottom is followed by a little engulfing candle that gave us the final confirmation. Stops below the lows, targets as shown.
If you have questions/ideas, feel free to comment below.
Otherwise, see you in the next chart!
if you know my trading style you would know why am i looking at this pair: we're bouncing back from a previous daily structure and in doing so price created a sequence of higher highs higher lows giving us an additional signal upon our long bias. If you zoom in the chart you would notice a double bottom formation happened right inside that blue box that you see in front of you. Its second bottom is followed by a little engulfing candle that gave us the final confirmation. Stops below the lows, targets as shown.
If you have questions/ideas, feel free to comment below.
Otherwise, see you in the next chart!
Trade active
Comment:
Stop moved to breakeven since we got 90% of the target