Alright everyone so as per the last analysis we have finally got a small bounce to stop the blood with a $500 green candle on the hourly. Short term play here could be an inverse head and shoulders patter + we have the bullish divergence on the rim quite clearly.
Heres my play
Buying here at a price of $4,585 and stop loss at $4,295.
Target $5,600.
Risk / Reward ratio = 6.3% / 21.5% = 1 / 3.41
Heres my play
Buying here at a price of $4,585 and stop loss at $4,295.
Target $5,600.
Risk / Reward ratio = 6.3% / 21.5% = 1 / 3.41