This pattern will be in trading books next to Wyckoff's (jk lol)
buy: 0.50~0.55
target1: 0.615 mid channel. you can move your SL to entry at this point
target2: 0.723 upper band. take out half position here
target3: 1.11 first dead cat bounce top. here most spot buyers that got trapped will sell. don't risk your gains and close the position.
Trade active
a bit too harsh for a retest, but i'm in.
Note
Target 1 done! you can move your SL to entry and enjoy the free ride
Note
target 2 was hit! that's the big one, congratulations my friends!!
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Trade closed: stop reached
SL for the last 1/4 position hit. Excellent profit from this one. Looking at the chart is hinting some opportunities for the near future, will post again soon if conditions are met.
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