It has a formed a beautiful hammer with a very long wick and there's a follow through today with another green candle.
Can go long here.
I've marked 2 stop loss.
Text book definition requires you to put stop loss below the wick of the hammer but that's a very big SL (350 pips).
Can put a SL below today's low and continue with the trade.
Target has been marked with a green rectangle at the top.
Let me know your views in the comments.
Can go long here.
I've marked 2 stop loss.
Text book definition requires you to put stop loss below the wick of the hammer but that's a very big SL (350 pips).
Can put a SL below today's low and continue with the trade.
Target has been marked with a green rectangle at the top.
Let me know your views in the comments.
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