Price Trap on CHFJPY 1HR TF

I found the support and resistance of current price, and marked it off with a horizontal line now trapping the market within the found support and resistance. Once price breaks out of the support it will indicate the sell and if price breaks out of the resistance it will indicate the buy. When a 1hr candle closes above the buy alert price, we can execute a buy position on the close of the candle and on the retest of the buy alert. Vice versa for the sell

Trade geschlossen: Ziel wurde erreicht:

ALL TARGETS SMASHED!