If you follow strictly the rules of trend line trading, then you would take this long signal.
The thing that affects your decision are likely the amount of news that had been accumulating over this period. Thus, it is likely to engage in analysis paralysis.
Just ensure you have SL, proper capital management and you will be fine.
The next best thing to say is :"IF ONLY............. I had taken that trade>>>>>>>>>>
The thing that affects your decision are likely the amount of news that had been accumulating over this period. Thus, it is likely to engage in analysis paralysis.
Just ensure you have SL, proper capital management and you will be fine.
The next best thing to say is :"IF ONLY............. I had taken that trade>>>>>>>>>>
Comment:
the closing candle is a nice hammer pattern which I expect price action to charge upwards tomorrow. This is a short term trade so work out your profits target and have SL in place to avoid unnecessary losses.