RIF forming bullish BAT | A good buying opportunity
Hi members, hope you are well and welcome to the new trade setup of RSK Infrastructure Framework (RIF) with US Dollar pair.
In the previous trade, after a slight move up and hitting the sell target zone, the price dropped down.
Now on a 4- hour time frame chart, RIF is completing a final leg of the bullish BAT pattern, and after a slight more drop it will be entered the potential reversal zone.
Buy between: $0.0553 to $0.0546
Sell between: $0.0573 to $0.0595
Stop loss: Below $0.0546
Possible and loss ratio:
As per the above targets, this trade has a profit possibility of up to 8.50%, and a loss possibility is upto 2%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
In the previous trade, after a slight move up and hitting the sell target zone, the price dropped down.
Now on a 4- hour time frame chart, RIF is completing a final leg of the bullish BAT pattern, and after a slight more drop it will be entered the potential reversal zone.
Buy between: $0.0553 to $0.0546
Sell between: $0.0573 to $0.0595
Stop loss: Below $0.0546
Possible and loss ratio:
As per the above targets, this trade has a profit possibility of up to 8.50%, and a loss possibility is upto 2%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
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