Earlier This week I placed a BUYLIMIT Order @1470.980 after the market had entered into a monthly support level which has been tested multiple times. On this trade I had a 4:1 R/R but the trade closed hitting my 2nd target @1531.876 before being stopped out on my 3rd position.
Reason for Entry:
1. Market Price between support levels (1435-1463)
2. Over-sold RSI (24.30)
3. One, Two , Three move followed by an engulfing candle confirmation
Reason for Entry:
1. Market Price between support levels (1435-1463)
2. Over-sold RSI (24.30)
3. One, Two , Three move followed by an engulfing candle confirmation