We have had multiple signals given via my indicator on this one. So, what have I been waiting for? Well, see that volumized order block just below us? I simply wanted to wait a bit longer to see if we could settle in. You can see that we did wick down for a quick touch. But I didn’t know if that would be good enough. Then I spotted that triangle, a bullish descending wedge which is bullish for sure. And it seems that the bottom of our triangle is supporting the price, keeping it up. This, along with a nearly oversold RSI, the MACD turning up, and my signal firing off, was enough to convince me. And with 43% profit potential on a 1:2 risk-reward ratio play, we can’t have much better odds.
