Breakout of the significant price level
Updated
Got in the breakout of the "A" price level.
1)Stop loss at recent Jan highs.
2)Profit target at May highs.
P.s. The R/R ration isn't the best, but I believe the probability is high enough to consider this setup reasonable. Recently I've been consistently not reaching my >1:2 profit targets, but seeing 1:2 unclosed profit quite often so I'll be giving a try to this kind of setups.
1)Stop loss at recent Jan highs.
2)Profit target at May highs.
P.s. The R/R ration isn't the best, but I believe the probability is high enough to consider this setup reasonable. Recently I've been consistently not reaching my >1:2 profit targets, but seeing 1:2 unclosed profit quite often so I'll be giving a try to this kind of setups.
Trade closed manually
Closed as the price action seems to rebound from May resistance-turned-support, and H4 shows forming a double top as a sign of reversal.
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