Why we are entering this trade: Higher low on RSI oversold region, acting as support.
Target: horizontal line resistance
Would have liked to have: Bullish divergence, but that is very rare on the 4 hour.
Commento
I forgot to add that this can be looked at as a 4hr DIVERGENCE, which is a very powerful signal. Because price is flat, while the RSI has a positive sloped support.
Commento
Guys im extremely sorry that i'm careless when drawing these risk reward ratio/targets. your stoploss should be set at 0.4685
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