The trade was based on a bullish breakout following a strong structure shift (Change of Character - CHoCH). Key Levels Identified: Entry: $98,537.03 Stop Loss (SL): Below recent support at $98,418.90. Take Profit (TP): $98,724.32.
Execution & Result:
The price hit the target, yielding a profit of $187.29 on a 1.00 lot size. Risk/Reward ratio: 1.86, adhering to disciplined trade management.
📊 Key Takeaway:
Identifying CHoCH and BOS (Break of Structure) levels provided clear trade opportunities. Discipline and proper risk management were crucial for executing this trade successfully.
Entry: Near $97,500 Target: $99,000 Stop Loss: Below $96,500 📈 Follow for more high-accuracy analysis, trade ideas, and profitable insights. Let’s navigate the markets together and trade smarter! 💡