While holding this support Area and forming a nice Bottom here- Followed by this nice Setup of Blue Candle and Gray Confirmed Reversal (high probability setup) which gives us the equityrisk of 2.5% with this nice R/R level
On this 2h Setup we have found a nice Inside Bar - Blue Candle aswell - followed by strong entry bar the confirmed Reversal here The Goal buy as low as possible in the Blue Candle Range. We Have 3 Resistance Points on this Setup in the upside area: 1: 1.32223 2. 1.32381 3. our Final TP area of 1,32525 we could take some off at previous Resistance Points like 20%...
The oversold Momentum Peak (2nd panel) gives a good bottoming signal while we get Reversal signals aswell (blue candles) followed by the valid Reversal (z) given this setup is quite profitable is fair to use over 2% equityrisk. The SL can be a new Low or the low of the Blue Candle
Support Level is holding at 0.76 area while we have Oversold Momentum Peaks (2nd panel) followed by a nice Blue Canlde (potential Reversal) -> Grey Candle (Trendless) most likely turned into a confirmed Reversal!
Again a nice setup here: - Blue Candle + CR UP (green candle which i personally don't like very much - because it's mostly a fomo toppish reversal) -> so some bids plcaed inside the Blue Candle range (100.677 - 100.856) - Strong Inside Bar on Support followed by this strong Entry Bar Given this Setup has a potential Successrate of 42,6% and R/R 2.98 = optimal...
The Blue Candle is a really good entry - given the fact of a nice Bullish engulfing the probability is quite high for more upside here given the probability of success and r/r equity risk can be up to 2,5%
With the 4H Blue Candle + Confirmed Reversal (CR UP/O) showing a strong buying intrest in this area. The goal: buy as low as possible in the Buy area to start off with a nice solid position. Given the current setup of a success rate of 43,91% and the R/R of 4.73 a good Equity Risk is 3%