This is how i look at the market
Context
1. Market went down strongly 36 days
2. Price pause by doji at support
3. Price show intention to go up by insidebar
4. Price go up by breakout insidebar
People who entry this trade may refer to
1. Demand zone
2. Resistance become support
3. First green candle after 36 days
RR 5
If your value of portfolio is $100,000 and this is your first trade.
You should risk around 0.5% to slowly build up buffer to take L
Therefore, your risk is $500 your reward is $2,500
Context
1. Market went down strongly 36 days
2. Price pause by doji at support
3. Price show intention to go up by insidebar
4. Price go up by breakout insidebar
People who entry this trade may refer to
1. Demand zone
2. Resistance become support
3. First green candle after 36 days
RR 5
If your value of portfolio is $100,000 and this is your first trade.
You should risk around 0.5% to slowly build up buffer to take L
Therefore, your risk is $500 your reward is $2,500