okay...
- first things first we brokeout of a range on the daily that has been going on for about a week
- on the H4 the breakout candlestick closed below the support of the range and the next candlestick retested that level of structure
- pretty straight forward break and retest setup, take profit is at 12420 which is the next level we might go touch and stop loss is a few pips above the high of the retest candle
-risk reward is 1:3, so a good trade if it plays out in our favour
- first things first we brokeout of a range on the daily that has been going on for about a week
- on the H4 the breakout candlestick closed below the support of the range and the next candlestick retested that level of structure
- pretty straight forward break and retest setup, take profit is at 12420 which is the next level we might go touch and stop loss is a few pips above the high of the retest candle
-risk reward is 1:3, so a good trade if it plays out in our favour