Setup Timeframe: 4H
Execution Timeframe: 4H
Risk: 2.17%
Reward: 5.65%
Reasons for Entry: Broken through the bearish TL, retested, and is now bouncing back off it. Also, dollar is looking weak in the near future.
Reasons for SL placement: Underneath the TL, and also at the R1 level on the hourly, and also at a level that provided some resistance before it was broken.
Reasons for TP placement: Good RR.
Execution Timeframe: 4H
Risk: 2.17%
Reward: 5.65%
Reasons for Entry: Broken through the bearish TL, retested, and is now bouncing back off it. Also, dollar is looking weak in the near future.
Reasons for SL placement: Underneath the TL, and also at the R1 level on the hourly, and also at a level that provided some resistance before it was broken.
Reasons for TP placement: Good RR.