As always when taking a trade, look for at least three types of confirmation. This is where the butterfly completes, together with the trendline resistance and the 61 fib from previous leg down.
This trade offers a great risk/reward ratio right under the inverted hammer. Never risk more than 2% of your capital.
Good luck.
코멘트
⋅
Trade Active.
코멘트
⋅
Just realized that the stop loss isnt put above the pinbar on the chart. As it of course should be.
코멘트
⋅
First target hit. Profit taken and SL moved to breakeven.