Buy WOO

Dec 22, 2023

My previous setup was not activated when WOO was very closed to buy area but had reversed and risen 40% (see link below).

It's been correcting since then and the second buy opportunity is now, in my opinion.

Because WOO is very volatile, the proposed setup is recommended for Spot buy:

• Buy when WOO in the gray area.
  
• TPs are blue lines
  
• Invaliditation when 1D candle (or 4H depending on your style/risk management) close above the red line
  

Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control

Dec 22, 2023

Note

I bought at this price and if needed when prices are at the Fib 0.618 ($0.3975)

Dec 24, 2023

Note

WOO has bounced with 15% up. SL is adjusted to 0.375

Dec 28, 2023

Note

Short-term view (4H): WOO is breaking the consolidation area

Jan 3

Trade closed manually

The structure in higher time frame is not good for buy.