PREV DAY HIGH & LOW SUPPORT & RESISTANCE BREAKOUT 200PIP SETUP

This is a setup which we draw end of play every day. We draw a resistance and support line using the previous day high and low candle body price close. We then draw the line across into the current trading day and wait for price action. We then wait to see on the current trading day for price to challenge either the prev day high or low. We wait for EMA5 to break and close above this line with a 1h candle confirmation. Once this candle closes we then enter on the opening of the next candle and target 200 pips.

Trade closed: target reached