Took this trade during Sunday's Asia session. Probably the best asia session as that's when the weekly candle is about to close/closes so we usually see lots of volatility. A traders dream.
Entered here with a tight stop risking $300 to make about $1500 in return, a good 1:4 RR setup.
Trade was taken as price could not breakout above the previous high marked with the yellow line. It was a bearish resistance area and you want to see a strong push instead of a weak dribble in these kinds of spots. Very simple
Went to sleep after entering the trade as a $300 stop even if it got hit would have been nothing much because of my previous trade which gives me alot of headroom.
Woke up to see that price had hit full TP!
On to the next !
Anyone else managed to catch this trade? Or perhaps an other trade? Share your trade below/let's discuss