We would like to see the market take the prices down to the green line (zone) marked out with an oval,
before taking a Long position with a PA.
Prices have to close above TPZ1 (Stronger resistance) for continuation to TPZ 2.
May the wave be on our side.
before taking a Long position with a PA.
Prices have to close above TPZ1 (Stronger resistance) for continuation to TPZ 2.
May the wave be on our side.
Order cancelled:
Didnt pull back to desired area which increased the risk in R:R. No positions taken
(*Our Risk rule #02 - No playing 'catch up'; wait for retracement to confluence areas, if it is on a longer trend)
(*Our Risk rule #02 - No playing 'catch up'; wait for retracement to confluence areas, if it is on a longer trend)