Strong bullish candle formed during last 4 hour candle. I expect a pull back into the candle's upper wick previous of the strong bullish candle within the next 4 hours to activate the order.
This pull back happens in order to shake off buyers and add sellers to pay for the move up.
My take profit target is in the lower wick of the candle previous to a vicious down move within a previous level.
Stop loss is 1/2 of my take profit target distance. No more than 3% is ever risked.
If the order is not picked up by time the current candle closes, then the order is cancelled.
This pull back happens in order to shake off buyers and add sellers to pay for the move up.
My take profit target is in the lower wick of the candle previous to a vicious down move within a previous level.
Stop loss is 1/2 of my take profit target distance. No more than 3% is ever risked.
If the order is not picked up by time the current candle closes, then the order is cancelled.
Trade attivo