It worked perfectly.
Now we are set for another opportunity with a range between 550$ and 600$
Here is my plan:
Trading Plan to Buy:
Condition (When): If it closes over the first resistance(600$) at 605$.
Stop Loss: We exit if the price breaks the upward at 580$.
Take profit: Under the resistance(660$) at 650$.
Risk/Reward Long: 25$ / 45$
Trading Plan to Sell:
Condition (When): If it closes under the first support at 550$.
Stop Loss: We exit if the price goes back into the range at 580$.
Take profit: Before the second major support at 480$.
Risk/Reward Short: 30$ / 80$
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