SLP - Risky - Not the best logic, but it is SLP
Updated
(0.1703 - 0.169) Key points based on a previous bull run
0.18758< Long Take Proft
0.1666 < Stop Loss
I have reviewed it at 4hr but simplified it to a 30-minute chart.
I think a larger stop limit would need to be in place to allow for the full potential take profit.
Rebounding well from oversold indicators.
Could - potentially signal a swing and a cheap entry.
50/50 Personally I have entered but kept my SL AND TP at 1:2
Just a bloke putting some lines on a chart - Take it or leave it based on your own TA :)
Best of luck :)
Trade closed: stop reached
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