Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. Price levels are working pretty well! 2. globally down trend locally uptrend 3. the level confirmed by 2 false breakouts 4. distant test 5. approached with big bars 6. there was a sharp approach on m5 7. no rollback 8. from that level continued strong move down 9. enough room for a move 1 to 5.1 10. the price came from below 11. no news for the last 10 days 12. no report in the following 2 weeks
Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$
If it does make sense to you, press a thumb up! đź‘Ť
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