Ok, so I am using the Hourly Chart and also the 5 min chart to get into this trade... on the hourly, we get some history, lots of support at this level. Also, we have several momentum areas on the charts. Those can be considered tranzient zones, gaps, or just areas that aren't tested. It's likely that they are.
On the 5 min chart, we are forming a higher low and I am getting in at this point because my risk reward ratio is better than if I get in at the breakout... best of luck
On the 5 min chart, we are forming a higher low and I am getting in at this point because my risk reward ratio is better than if I get in at the breakout... best of luck
