Setup Timeframe: 4H
Execution Timeframe: 1H
Risk: 2.11%
Reward: 5.31%
Reasons for Entry: Break and retest of a strong support zone , should see the pair go down from here.
Reasons for SL Placement: Above the broken support zone , gives room for it to wick above and move around a bit.
Reasons for TP placement: Good RR, honestly price shouldn't see much support until the 82.6 area.
Execution Timeframe: 1H
Risk: 2.11%
Reward: 5.31%
Reasons for Entry: Break and retest of a strong support zone , should see the pair go down from here.
Reasons for SL Placement: Above the broken support zone , gives room for it to wick above and move around a bit.
Reasons for TP placement: Good RR, honestly price shouldn't see much support until the 82.6 area.