3 Reasons:
Location: Right above the RLZ, 0.618 structure is formed.
Momentum: W breakout in Willy n OBV. Still not over bought and Willy is not stupid yet so still room for more buys. Divergence confirmed.
Structure: W confirmed, entry at confirmation. Risk against structure low.
Profit Objective 2:1 R/R
Location: Right above the RLZ, 0.618 structure is formed.
Momentum: W breakout in Willy n OBV. Still not over bought and Willy is not stupid yet so still room for more buys. Divergence confirmed.
Structure: W confirmed, entry at confirmation. Risk against structure low.
Profit Objective 2:1 R/R
עסקה סגורה: היעד הושג:
Our 2:1 R/R was hit, got out of the trade. Probably could have waited and set a larger profit target but for our practice we are going to stick with 2:1 in this bearish market.