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! 👍
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! 👍