We have a dual setup here in Amaraja, you can either go on higher timeframe to find Double bottom entry, or the channel breakout entry on pullback and aim for trade continuation of Double bottom targets. You can do it either way but what matters is whether your plan allows you to take that kind of risk.
If those swings happen as predicted we will be having a range channeling on daily breakout, the only worrisome point is that wick piercing downside bcos we don't know whether its stop hunting or market intention, unless chart evolves. But just for a wick, we can't scrap our tradeplan. So if this one suits your plan n risk, go for it !
If those swings happen as predicted we will be having a range channeling on daily breakout, the only worrisome point is that wick piercing downside bcos we don't know whether its stop hunting or market intention, unless chart evolves. But just for a wick, we can't scrap our tradeplan. So if this one suits your plan n risk, go for it !
Comment:
As per the inner channeling, trade is gone !
