Hi folks, Yurii Domaranskyi here. Let's take a look at the chart.
We have a local low,
sharp approach to the level on daily and 5 minutes timeframes,
once the level was broken down, the price tested it once, when it tested it for the second time and a 5m bar closed above the level 5.70$ I got a position at 5.73 average
Potential risk/reward ratio = 1 to 5.1 meaning that I'm risking a 100$ with a possibility to make 510$
Please, support our work with ❤️
We have a local low,
sharp approach to the level on daily and 5 minutes timeframes,
once the level was broken down, the price tested it once, when it tested it for the second time and a 5m bar closed above the level 5.70$ I got a position at 5.73 average
Potential risk/reward ratio = 1 to 5.1 meaning that I'm risking a 100$ with a possibility to make 510$
Please, support our work with ❤️