Normally I like the bounce from R2 back to the pivot, but I believe the R1 can be just as good, especially as we see some divergence in the MACD. This gives us a nice 3-1 RR. I'm not 100% confident in this trade, but the risk to reward ratio helps me sleep at night.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.