Looking at possible double bottom forming on 1-Hour chart or pair is consolidating for the next few days in a range pattern. Target profit around 0.7135 with Stop loss around 0.7075, with a 2:1 reward-risk ratio. Entered @ 0.7095 at 3:00 PM EST. First post here in TV. Will start posting some more. Main approach is price action trading with emphasis on risk-reward ratios and major price psych levels.
Trade geschlossen: Stop wurde erreicht:
False bottom. Took the trade too early.