Wammie trade: market reaches extreme low level/zone, the second touch which is higher indicated the market is running out of steam and is ready for a reversal.
Wammie trade set up!
-Market touches support zone twice
-The second touch is higher than the first initial touch
-The market prints a Bullish candlestick on the second touch
-Trade is entered with a buy stop a few pips above the bullish candlestick
-Stop loss placed few pips below the first touch (1.27893)
-The profit target is the next zone above the Wammie (TP1: 1.33787, TP2: 1.38739)
Wammie trade set up!
-Market touches support zone twice
-The second touch is higher than the first initial touch
-The market prints a Bullish candlestick on the second touch
-Trade is entered with a buy stop a few pips above the bullish candlestick
-Stop loss placed few pips below the first touch (1.27893)
-The profit target is the next zone above the Wammie (TP1: 1.33787, TP2: 1.38739)