Long
POA/BTC
Updated
3 Reasons:
Location: Within new bottom support, off 0.886 Fib line
Momentum: W structure confirmed in Willy and OBV. Willy is stupid and oversold.
Structure: Double Bottom structure, entry at confirmation and risk against structure low.
Profit Objective: 2:1 R/R min
Location: Within new bottom support, off 0.886 Fib line
Momentum: W structure confirmed in Willy and OBV. Willy is stupid and oversold.
Structure: Double Bottom structure, entry at confirmation and risk against structure low.
Profit Objective: 2:1 R/R min
Trade closed: stop reached
Closed our position as our stoploss was hit. Unfortunately this double bottom could was not fully confirmed and the rally was not strong.Note
If we didnt set any stops, our original target would have been hit! Lol
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