Just got an engulfing bullish candle with Stoch RSI and RSI oversold. Close of a bullish candle on 1 hour has occurred at the bottom part of an uptrend channel.
The big picture is this is probably just a retracement of the previous day's dive, Looking for two positions as indicated by the chart.
The big picture is this is probably just a retracement of the previous day's dive, Looking for two positions as indicated by the chart.
Trade active
Trading active when I created analysis...Trade closed: target reached
Target 1 reached!I moved my stops towards previous swing high (now resistance) and took that profit on position 2.
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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.