Structure support play - Bullish bias
Updated
Overall trend has been bearish from the daily time frame
However on the 240 TF we have a Double bottom pattern with Rsi oversold on 1st leg - signal for a bullish reversal
On the 60TF we have a structure support that has been tested multiple times - buyers holding this zone - we even have a bullish candle push - also an entry signal
Trade taken on the 15TF on the bullish candle push
1st target at 1.5 risk to reward. Stops will be moved to break even if the trade plays out
However on the 240 TF we have a Double bottom pattern with Rsi oversold on 1st leg - signal for a bullish reversal
On the 60TF we have a structure support that has been tested multiple times - buyers holding this zone - we even have a bullish candle push - also an entry signal
Trade taken on the 15TF on the bullish candle push
1st target at 1.5 risk to reward. Stops will be moved to break even if the trade plays out
Note
Trade hit stop loss - bearish price push on release of CAD interest rate statement
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