Taking a position here on a support and resistance flip. So we can see clear resistance confluent with the value area high of the ascending triangle. We got a breakout and a retest. The retest is confluent with the HPR1 and VAH.
Let's see how this one turns out.
This is a trade taken on the crusher account which was started 10 weeks ago at $500, and is currently at $1750.
As always, I never have expectations for any trade. I never know if it will work or not. What I do is always manage my risk. I risk 3% to make at least 9%.
Remember, you don't make money winning trades, you make money managing your risk.
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