This is also how I determine give or take where to take profits. Since this is the first breakout leg I’m waiting for the next day to show me a second leg that closes below the low of the previous day which is Monday. This is the low that closed before price decides to reverse into the new day. Since this price has closed below this low I can take the distance of this low or the close of this red candle on the hourly chart signifying that it closed. I can close take it the distance from there to the bottom of these consecutive bare candles to the close. The distance measured is 96 pips so I can roughly give or take give myself 300 pips from this particular area. So if I go draw a line down from here to about 300 pips you can see that almost exactly that’s where price reverses from.