Potential Long opportunity
Will place buy stops a few pips above the high of this daily candle.
If stop losses don't get taken out then will move to break even on second trade after first trade hits TP
RR profile of first trade is poor but an average RR profile usually means a higher win rate.
Structure also tells us we going up with a Higher High and a Higher Low formed
Not risking more than 3% even with such huge stops.
If stop losses don't get taken out then will move to break even on second trade after first trade hits TP
RR profile of first trade is poor but an average RR profile usually means a higher win rate.
Structure also tells us we going up with a Higher High and a Higher Low formed
Not risking more than 3% even with such huge stops.
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