Play the break of the prior day’s high.

In every example I have there are at least 130 pips to be had from the swing low.

Only one example for the price pulling back to the breakout, so drawdown if any, would be limited.

The thick white line is the level to clear.

If you get a drop first, that’s a head start for a discount initial position. Add the rest on the break.

History:

New release:

The one example of a 40-pip pullback from the breakout line happened on the upside. I would go with 4 pips out not to be picked up for this kind of choking. The line was not hit (on a bid chart) but this does not mean that the broker does not slip you into the sucker trade.