Stochastic indicator shows that we are in oversold zone. We have a big bullish engolfing candle and a double bottom pattern in formation at potential reversal zone a previous key level (shown in red) . Price might go up to test the last swing high and form a cypher pattern .For a buy at 132191 , TP at 1340.9 and SL at 1317.2 you get a RR ratio of 4
Stochastic indicator shows that we are in oversold zone. We have a big bullish engolfing candle and a double bottom pattern in formation at potential reversal zone a previous key level (shown in red) . Price might go up to test the last swing high and form a cypher pattern .For a buy at 132191 , TP at 1340.9 and SL at 1317.2 you get a RR ratio of 4