COUNTER TREND TRADE BASED ON PRICE ACTION.
FAILED SIGNAL FOLLOWED BY CLOSING AT ITS LOW.
ALTHOUGH SOME CAN DISPUTE THAT WEDNESDAY'S D1 CANDLE CANNOT BE A AS IT OCCURED AT A HIGH,
IT COULD IN SOME SENSE SIGNIFY PRICE MOVING HIGHER AFTER MANAGING TO CLOSE ABOVE FEB 24 HIGH.
ENTER SELL @ 50%.
"FAILED SIGNAL, BEST SIGNAL"
How do you handle that as a Price Action Trader? Do you consider economic news when taking a trade?
I guess usually not, but when there is a high risk of Weekend Gaps it would be better not to trade?