I bought 53.08, stopped out for -1RR, and then bought 53.23 off the one minute chart because I didn't like the large 40 tick 5M candle. Based on the potential break out day today, I decided to move my targets out to 3RR to see if I could capture a slightly larger piece of any break and run. I got the 3RR target, recovered the 1RR loss and done for the day.
Normally I'd stick with the 2RR and finish with 1RR which is fine with me but I was fairly certain it would break and run a bit based on the daily chart and I got it right.
I think perhaps a bit of luck was in play today with how the second trade worked out. I was buying pretty far away from higher time frame support so I was banking on the much shorter time frame support areas holding....they did and it worked out.
Cheers and time to study.
A bit of a macro look for you today courtesy of Capitalist Exploits.