Entry & Trade Management:
The setup was executed correctly and the entry was perfect. I used 2 min chart along with 5 min to determine my entry. The entry on 5 min chart was right at the break of the previous 5 min candle and the VWAP. I successfully took profit at the predefined targets.
19.36 - slightly far below the VWAP, but still acceptable considering the large wick in the first 5 min candle.
19.6 - MA
19.74 - PDC
Risk to Reward:
Risk 12 cents
Reward 12 cents (1:1 Bad)
Reward 26 cents (1:2 Good)
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