This is just a simple txt-book break and retest play LONG @ Major Key Level 20K and ran all the way to TP!! Sellers were having a hard time defending 20K because there was no real follow through to the downside as buyers kept pushing price back into that level of pricing. So once I noticed how Price broke above MKL 20K on the 30m TF N Below I decided to enter the market. SO I Marketed Executed LONG and targeted the next Minor S&R Level ($20080.00). Price ran all the way to TP for 315 points in my favor LONG and gave me +2.5RR Portfolio Gain. Gr8 way to end the week Profitable!
Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Keep Steppn!!