Looks like we have a double bottom on the 15m chart. And a bullish engulfing candle on retest of the low (second part of double bottom on the 1 hour ). Looking to go long up to resistance line 2. Once we get to resistance line 1 I will roll my stop loss to break even.
Take Profit: 42 Pips
Stop Loss: 22 Pips
Take Profit: 42 Pips
Stop Loss: 22 Pips
Trade closed: stop reached
Once I saw a closing candle under the previous lowest close of the "double bottom" I closed out the position, loss of around 10 pips.
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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.