A few weeks ago, I was stopped out on this chart. However, I'm seeing a better setup now and I'm willing to try it again... I will buy the $1.80s because the fib and the order book suggests this area. I also saw a red Hammer candlestick pattern which showed a bullish sign. Most traders will wait until a few days after a Hammer pattern forms to see if a rally continues or if there are other indications like a break of a downward trendline. I'm gonna be patient to potentially capture a 40% move. Set the orders and forget about it! Good luck.
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Red vs. Green hammers:
commodity.com/techni...cal-analysis/hammer/
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Red vs. Green hammers:
commodity.com/techni...cal-analysis/hammer/
Comment:
Wow!!!! Nice double