Price has tapped into a 1H demand following which there was a break of structure (BOS) on the lower timeframe.
Demand zone on the 5m.was marked and entry is at its 50% with the SL below the low and target at some equal highs for an RR of 1:9 ish
This is a risky trade idea however should it work, the rewards are high.
Demand zone on the 5m.was marked and entry is at its 50% with the SL below the low and target at some equal highs for an RR of 1:9 ish
This is a risky trade idea however should it work, the rewards are high.
Trade closed: stop reached
Perfect entry, perfectly stopped out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.