vio
Short

2015.05.28 15:30 EURUSD 5min PUT

FX:EURUSD   Euro Fx/U.S. Dollar
Another trade that needs confirmation for entry. These days I found that for strong trend like this, should set up confirmation level. Whereas, for ranging periods, most of the signs indicating transition of power will work.

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timwest PRO
2 years ago
What do you recommend for confirmation?
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vio timwest
2 years ago
I tend to set confirmation level of the lowest price of an indecision candle. If the price is going down after a bullish trend, it will usually create lower lowest price of a candle (lower low you may call) and lower highest price of a candle (lower high). In this case, there was a good demonstration of candles creating lower lows and lower highs right before my entry.
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