Analysis for day: Gaped down, so expecting gap filling.
Reason for selecting entry zone:
Reason 1: Price gaped down after down trend.
Reason 2: opening bar is a big bar, price stayed above opening bar low.
Reason 3: RSI buy signal on 5 min, 30 min and hourly chart.
Reason 4: Entered on pullback.
Conclusion:
This is a reversal trade, we are taking the low risk, high reward trade.
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