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.