This is the low risk reverse vanilla trade. Instead of breaking out at the top of the line cluster (caused by the fast components of the 4 time frames), we go long at the bottom. This is only low risk if the trend is up. See yesterday's entry.
The trade took 15 mins so I sped up the clip - don't be alarmed! Entry was long at 1.2706. There was a quick leg up to 1.2713. It took a while to test 1.2726 and even longer to get to my target at 1.2734. Things come to he who waits.
Regards
Morty Sill
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