Longing this pair if we see a pinbar/doji/inside bar in the green box. Both the two "waves" are practically identical:
1: Both (hopefully) hit the trendline at the ~40% retracement
2: There is a 100% extension of the first move right at the ~40% of the second move.
Stoploss and profit level is shown on the chart. When a 1:1 risk:reward is met i move sl to breakeven.
And as always: hold your thumbs!
1: Both (hopefully) hit the trendline at the ~40% retracement
2: There is a 100% extension of the first move right at the ~40% of the second move.
Stoploss and profit level is shown on the chart. When a 1:1 risk:reward is met i move sl to breakeven.
And as always: hold your thumbs!
