Good Quality Mean Reversion Trade
Updated
The stock has broken out of it's downward trend and side winding at the moment, there is a strong possibility for a mean reversion play - not the best RR but the probability of a mean reversion move is higher on this stock. Market conditions still make bullish trades difficult. I had bought and sold the previous support and now looking for a longer uptrend. Stop is tight due to market trend.
Open: 0.65
Target: 0.92
Stop: 0.63
Trade Active
Open: 0.65
Target: 0.92
Stop: 0.63
Trade Active
Trade closed: stop reached
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