Trading is all about risk mitigation right? if you are going to take a risk, take one that is worth it.
This trade set up does not have all the necessary signals, ill be frank.
What it does have is a super minimal risk set up with a really SOLID return set up.
Two trades here, one long term and one short. i would probably go with the longer term one because why...
Thot Process for this move:
Relatively significant downward trend on daily chart that leads into 2 DOJI that indicate loss of downward momentum as the bears have lost control of the market, leading into a reversal indicator of a Bearish engulfing showing that the bulls are making a push after the price hit a 3 times tested support in the weekly chart.
Thoughts?
