Just noticed this trade guys. I'm not taking it because it's not yet part of my plan but it looks promising so deemed it worthy of a share. The risk reward profile has the potential to be high.
Reasons: Big RSI divergence, Oversold RSI conditions, Doji reversal candle followed by good sized engulfing if current 15m candle remains as it is, Break of channel,we are at a strong resistance level, higher time frame trend is down.
Reasons: Big RSI divergence, Oversold RSI conditions, Doji reversal candle followed by good sized engulfing if current 15m candle remains as it is, Break of channel,we are at a strong resistance level, higher time frame trend is down.