There is a nice double bottom pattern that has been completed and I noticed the following:
1. Double bottom neck line broken
2. Then tested as support
3. Doji signal candle completed pinning the neck line
For this type of setup the stop works best a few pips below the doji, nice and tight risk on this trade with that small doji...
Targets are 2x that of the stop as a minimum and if there is scope, the next resistance can be targeted. This trade setup offers a 1:3 risk to reward ratio when targeting the 15.16 resistance level.
Learn how to trade using price action and find setups like this one
Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.
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