- Historical rejection of the 50 eMA on the 8hr time frame
- Latest hammer candlestick signifies another potential bounce.
TP 1 - 0.69600 and then ride a portion of your position further.
Should be good risk/reward, 2:1 - 3:1 depending on your stop loss requirements.
Enjoy
Phil
- Latest hammer candlestick signifies another potential bounce.
TP 1 - 0.69600 and then ride a portion of your position further.
Should be good risk/reward, 2:1 - 3:1 depending on your stop loss requirements.
Enjoy
Phil