H1 chart - hammer strategy
After a downtrend, a hammer candle has formed. Wait for the next candle - is it bullish ?
If yes : enter on the following one, at the open.
If not : do nothing.
Stop loss is below the hammer’s low and take profit at a 3:1 ratio.
If yes : enter on the following one, at the open.
If not : do nothing.
Stop loss is below the hammer’s low and take profit at a 3:1 ratio.
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