Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart: 1. Price levels are working well. 2. Globally range, locally downtrend 3. there was no confirmation of the level before 2 days ago, you can see nicely on the m5 chart the players see the price level. 4. Distant test of the level 5. approached with bars a little bigger than usual, but no paranormal 6. approached slowly 7. there was accumulation before the level 8. there was a rollback 9. the instrument closed above the level 10. all-time low low level, from there, was made a huge move up 11. there is enough room for a move 1 to 5.1 r/r 12. no model descending lows, we can see the engulfing bar on daily 13. no news for the last 10 days 14. the price came from the above 15. the price has a big potential for reversal 16. no planned report in the next 2 weeks
Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$
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