FYi , this is not an advice or a trading tip. But merely information disseminating for knowledgeable purpose. Seek a financial adviser where appropriate.
See attach charts
By the way, that’s a demo account. IT’s not a real money trading. I am forbidden to trade as it is not in accordance to sharia.
I am just showing the how to and why.
Reason that is a demand level:
- Large breakout = strong imbalance.
- Profit margin twice the size risk = strong chance of rewarding.
- Period short = imbalance
- Larger time Frame demand on the 15 min.
- If occur exactly during NY session
- Least path resistance for it move up
- Fresh demand
You could go for 10 pips. Or 1:2 RR. Either way have a chance to reward your self. If it is a loss, which it may, you will o nly loss 5-6 pip risk only.