This set up can be thought of as "recycling" an old support level which seemed as though it had lost relevance. A careful study of the chart revealed that the level still held some significance even unto the present day. Although price didn't move aggressively, the move was decent enough to extract 65 pips profit with only 50 pips risked, a 1.28 R/R ratio.
This is a preview. The full-length video is 12:30 long discussing everything from opening to closing this trade. Watch the full-length video in HD 1080p at www.thetradedesk.co.za
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