As always when taking a trade, look for at least three types of confirmation. This is where the butterfly completes, together with the trendline resistance and the 61 fib from previous leg down.
This trade offers a great risk/reward ratio right under the inverted hammer. Never risk more than 2% of your capital.
Good luck.
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Trade Active.
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Just realized that the stop loss isnt put above the pinbar on the chart. As it of course should be.
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First target hit. Profit taken and SL moved to breakeven.