Price drops right at previous structure level and bounce from it - like a magic :)
I'm closely watching the kill zone(derived from the several bounces of price) because it will provide nice level for hopping on the bullish trend.
I need price to make another retest of the zone and this forming a double bottom - with left bottom being with RSI OB.
Stop will be really tight ... and see what risk/reward factor we've made. You can shoot for 2nd target next strucutre level (blue dotted line)
I'm closely watching the kill zone(derived from the several bounces of price) because it will provide nice level for hopping on the bullish trend.
I need price to make another retest of the zone and this forming a double bottom - with left bottom being with RSI OB.
Stop will be really tight ... and see what risk/reward factor we've made. You can shoot for 2nd target next strucutre level (blue dotted line)
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.