- What it signals: Reversal at the bottom of a downtrend.
- Buy Recommendation: Enter a long position when the price closes above the high of the hammer.
- Stop-Loss: Set below the low of the hammer’s shadow.
- Take-Profit: Aim for the nearest resistance level or use a 1:2 or higher risk-reward ratio.
Features
Automatic Trading
AI Trading Assistant
Paper Trading
Resources
Crypto & Forex Solutions
FXonbit: Empowering your Crypto and Forex success with cutting-edge automated trading bots built for everyone.
Follow Us
Email: [email protected]
Phone: +971 547 58 4758