The price is creating double bottom pattern. We can see the confirmation from the candlestick pattern. The candlestick created the inside bar, then it created the bullish engulfing. We can take partial profit from fib 1.272 and the last target price will be on fib 1.618. We can put the stop loss below the swing low.
Handel aktiv:
We entry the trade right after the bullish engulfing created.
Trade stängt: Stopp nått:
Mistakes : SL is too small