(4h) Entering Oversold // Cluster Below // IF=THEN ®

GBPJPY

Waiting the price to sink inside the cluster/projection zone, and from there i will start building a case! Search for RSI Divergence for instance!

Note that we have already divergence between last bottom and the most recent one, but i do expect to get that same divergence in a oversold condition;

I will target previous structure low's, as first take profit zone (that should be synced with the 38.2% retracement), and from there, i will close half of my position and move Stop Loss to breakeven. Free Risk Trade.

Safe Trade;

Kommentera:

and the harmonic... ;)