UJ: This M30 chart shows the significance of S1. A break down here makes not only S2 a viable target, but S3 is within a days trading range also.
The M15 chart FE 162 level is close enough to S3 to be target. This chart shows first target not as a good reward to risk proposition, but on an M1/M5 chart the SL would be managed much lower, improving the proposition. The second target shows as a good reward to risk proposition.
The M15 chart FE 162 level is close enough to S3 to be target. This chart shows first target not as a good reward to risk proposition, but on an M1/M5 chart the SL would be managed much lower, improving the proposition. The second target shows as a good reward to risk proposition.