This is using the Bounce Back Strategy, and could be considered a high probability event.
If it acts as the technical's indicate, you could be looking at a very nice PIP gain. The SAR has flipped, with Stoch, MACD and RSI looking very good. A potential exit point would be your 50MA.
I am not a financial adviser.
I am not a commodity trading adviser.
I am not offering any advice to you as to how you might trade or invest your money.
Charts and analysis are a mixture of my own thoughts, along with input from various sources. TRADE AT YOUR OWN RISK. I AM NOT RESPONSIBLE FOR YOUR TRADING EXPERIENCE. You bear the responsibility to analyze all charts on your own, and make your own opinion before placing a trade.
If it acts as the technical's indicate, you could be looking at a very nice PIP gain. The SAR has flipped, with Stoch, MACD and RSI looking very good. A potential exit point would be your 50MA.
I am not a financial adviser.
I am not a commodity trading adviser.
I am not offering any advice to you as to how you might trade or invest your money.
Charts and analysis are a mixture of my own thoughts, along with input from various sources. TRADE AT YOUR OWN RISK. I AM NOT RESPONSIBLE FOR YOUR TRADING EXPERIENCE. You bear the responsibility to analyze all charts on your own, and make your own opinion before placing a trade.