I've identified a double bottom in this chart - projecting the trend to reverse from bearish to bullish. Projected breakout range is the distance from support to the resistance starting from the breakout point going upwards into a bullish phase.
I've placed a buy stop order close to the resistance level and my stop loss is my last main identified LL. Let me know what you guys think.
I've placed a buy stop order close to the resistance level and my stop loss is my last main identified LL. Let me know what you guys think.
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