Long or Short: Long
Entry Point:33.00
Stop Loss: 32.00
Profit Target/s: 1st TP at 34.00, 2nd TP at 36.45
Reward-to-risk Ratio:2:1
Risk percentage:1%
Indicators used:None
Trade Rationale: From the H1 chart, 33.00 zone is a support area. For the first time, price reached there on May, it tried to break through the area of support but fail and price went back up. It tested the 33.00 area on 17 May. This time round, price did not stay long there and went back up. This is a area I will look at when price visited this area again and a possible support zone.
Trade Adjustments:If the trade was triggered and price fails to reach my first TP by
mid week, 25 May, I will close out some of my open positions. By end of the week, I will close out all of my positions.
