Objective to get into existing trend at potential retracement
Setups conditions:
Price is above 18 Mov avg currently acting as resistance
Combine this with fibo level 76.4%
Oversold condition on R%
Trigger to place order:
Candlestick reversal bars either a hammer or a morning star (wait till bar has closed to confirm pattern)
Setups conditions:
Price is above 18 Mov avg currently acting as resistance
Combine this with fibo level 76.4%
Oversold condition on R%
Trigger to place order:
Candlestick reversal bars either a hammer or a morning star (wait till bar has closed to confirm pattern)