used 4h timeframe to find uptrend, waited for the price to hit the support level of that uptrend. it formed a double low (so far) and i entered at the double lows support line and set the first TP just above the neckline of the double low and the SL in a way that it formed a 1:5 rist reward ratio (i havent set the second TP yet). the double lows support is also a past resistance level. i used fib retrancement on the most recene higher low and higher high for further confirmation and the current price fits in the bottom of the 0.5 - 0.618 fib levels. the price exploded upwards and hit my first TP so i moved my SL up to where i entered making it a risk free trade and im going to sell the rest once the Chandelier stop indicator turns purple on the 5 min timeframe. i think this time (1:33) is a risky time to trade in forex because the prices are moving up and down very very fast.
