Welcome, Leebar.
Nice chart. I believe that most people here prefer to take BUOBs at swing lows. The current BUOB is not close enough to the swing low, but that's just my rookie opinion.
EDIT: I am not saying that this is not a valid setup, just that I would prefer to see the BUOB at a swing low.
Nice chart. I believe that most people here prefer to take BUOBs at swing lows. The current BUOB is not close enough to the swing low, but that's just my rookie opinion.
EDIT: I am not saying that this is not a valid setup, just that I would prefer to see the BUOB at a swing low.
DislikedHi All,
Been mostly a lurker on this thread - just reading and learning when time permits.Have notice a BUOB as per the attached chart. Would look to enter just above blue ppz circa 1.834, red lines are TP's.The weekly shows a bullish bar as part of a double bottom off a PPZ. Would be grateful for any comments on my analysis - be gentle! Have a great weekend all.Ignored